The Approach to System Conversion Whereby a New System That

question 101

Multiple Choice

The approach to system conversion whereby a new system that is to be used in more than one business is first implemented in a single unit so that it may be tested and debugged before implementing it in the other business units is called:

• A) pilot.
• B) parallel.
• C) big- bang.
• D) plunge.
• E) phased.

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Definitions:

Real Variables

Economic variables that have been adjusted for inflation, allowing for the comparison of quantities over time.

Monetary Neutrality

The idea that changes in the money supply only affect nominal variables and have no long-term impact on real variables like output or employment.

Real Variables

Economic variables that have been adjusted for changes in price levels, reflecting the actual purchasing power.

Nominal Variables

Variables measured in monetary terms without adjusting for inflation, reflecting current prices.