Andrew,an Analyst for PaxMedia Inc

question 52

Multiple Choice

Andrew,an analyst for PaxMedia Inc. ,has just learned that the business rules for a system he has been working on have changed.This means that _____.

• A)Nothing - once the ERD data models have been drawn,they are 'frozen' for the system
• B)Andrew will be reassigned to a different project that is in its beginning stages
• C)The ERD components will have to be changed
• D)The ERD data model will have to be put on hold while new DFD diagrams are created
• E)The project will have to be scrapped and restarted

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Definitions:

Plant Assets

Long-term tangible assets that are used in the production of goods or services and are not intended for sale.

Depreciated

A measure of the reduction in the value of an asset over time, often used for accounting and tax purposes.

Unearned Revenue

Money received by a company for a service or product that has yet to be provided or delivered.

Adjusting Entry

An accounting entry made at the end of an accounting period to allocate income and expenditure to the correct period.