A Software Company Is Working on a New Project for a Mutual

question 52

Multiple Choice

A software company is working on a new project for a mutual fund organization.The client expects the scope of the project to be flexible; their goals are evolving and they needed to test the product as and when components are finished.Which type of project development methodology should be adopted?

• A) Waterfall model
• B) Agile development
• C) Rapid application development
• D) Predictive development

Make informed decisions on investment strategies based on tax considerations.

Understand the relationship between sales, EBIT, net income, dividends, and equity changes.

Understand the elements of financial statements and their significance.

Grasp the fundamental principles of the double entry system and distinctions between the balance sheet and income statement.

---

Definitions:

Intersection

The point or set of points where two or more geometric figures, lines, or surfaces meet or cross.

Independent Events

Two or more events that do not affect the outcome of each other in a statistical experiment.

Balanced Die

A die engineered to ensure that each face has an equal probability of landing up when thrown.

Simple Event

An event that consists of a single outcome in the sample space of a probability experiment.