Which Phase Is Generally the Longest and Most Expensive Part

question 63

Multiple Choice

Which phase is generally the longest and most expensive part of the development process?

• A)Planning
• B)Analysis
• C)Design
• D)Implementation
• E)Feasibility

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Definitions:

Interest Payments

The amount of money paid regularly (typically annually or semiannually) for the use of borrowed funds.

Callable Bonds

Bonds that can be redeemed by the issuer prior to their maturity date at a specified call price.

Redeemable

Refers to an item or financial instrument that can be converted into cash or another financial instrument.

Bond Indenture

The contract between a corporation issuing bonds and the bondholders.