The Systems Development Life Cycle Is the Traditional Methodology Used

question 66

True/False

The systems development life cycle is the traditional methodology used to develop, maintain, and replace information systems.

---

Definitions:

Maturity

The date when a financial instrument (like a bond) expires and the principal is to be paid back to creditors.

Annual Interest Rate

The percentage increase in money lent or invested over a one-year period, expressed as a percentage of the principal.

Cash Conversion Cycle

A metric that measures the time between when a company pays for its inventory and when it receives cash from selling it.

Inventory Turnover

A ratio indicating how many times a company’s inventory is sold and replaced over a specific period.