Test Plans

question 5

Multiple Choice

Test plans:

• A)Are generally developed by the programmers informally
• B)Generally only cover main processing and not the various sub-processes
• C)Often have 20 to 30 pages
• D)Can be massive with over 200 pages of very explicit plans and directions
• E)Can generally be written in three pages or less

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Definitions:

Secured Loan

A loan backed by collateral, reducing the risk for the lender and often resulting in a lower interest rate for the borrower.

Leveraged Lease

A lease agreement where the lessor uses borrowed funds to purchase an asset which is then leased to the lessee, allowing for tax benefits and risk-sharing.

Nonrecourse

A type of loan where the lender’s recovery is limited to the collateral pledged for the loan, with no further claim against the borrower in case of default.

Lease Payments

Lease Payments are regular payments made by a lessee to a lessor for the use of an asset over a specified period.