The Expanded SDLC Presented in the Textbook Expands the Processes

question 42

Multiple Choice

The expanded SDLC presented in the textbook expands the processes within the system design phase.This is necessary because:

• A)It necessary for most companies to create their own software.
• B)The design phase needs to include the programming activities of self-created software.
• C)There is usually more than one software or system type that will meet the needs of the organization.
• D)Many organizations require a change in the type of operating system along with any changes in software.

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Definitions:

Travelers Checks

Pre-printed, fixed-amount checks designed to allow the person signing them to make an unconditional payment to someone else as a result of having paid the issuer for that privilege.

Reserve Ratio

The fraction of deposits that banks are required to keep on hand as reserves, either in their vaults or with the central bank, to ensure liquidity.

Goldsmith's Receipts

Goldsmith's Receipts were historically issued by goldsmiths in the form of promissory notes against the gold deposited with them, leading to the development of banking.

NOW Accounts

Interest-earning banking accounts that permit writing checks against the deposited funds.