The System Is Not in Production Until Conversion Is Complete

question 33

True/False

The system is not in production until conversion is complete.

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Definitions:

Profit

The financial gain realized when the revenue generated from business activities exceeds the expenses, costs, and taxes involved in sustaining the activity.

Entire Organization

Refers to the whole institution or company, including all of its employees, structures, and functions.

Functional Designs

Designs that prioritize the practicality and function of a product, facility, or system over aesthetic considerations.

Economical

Economical pertains to the efficient and judicious use of resources, often with the aim of minimizing cost and waste while achieving a specific purpose or outcome.