Adjusting and Improving the System by Having System Audits and Periodic

question 165

Multiple Choice

Adjusting and improving the system by having system audits and periodic evaluations and making changes based on new conditions is called systems ________.

• A) development
• B) maintenance
• C) analysis
• D) design

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Definitions:

Informal Contract

A contract that requires no formalities. Also called simple contract.

Formal Contract

A contract that must have a special form or must be created in a specific manner.

Simple Contract

A contract that is not a formal contract. Also called an informal contract.

Third-Party Beneficiary

A third-party beneficiary is a person who, although not a party to the contract, stands to benefit from the contract's execution or has rights that can be enforced under the contract.