One Mistake That a Study Team Can Make When Performing

question 44

Multiple Choice

One mistake that a study team can make when performing a systems analysis is to:

• A)Perform a preliminary investigation first
• B)Have employees participate in the systems study work
• C)Utilize a "systems approach" in performing the systems study
• D)Ignore the strong points of the present system

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Definitions:

Forward Exchange Contract

An agreement between two parties to exchange a specified quantity of one currency for another at a specified exchange rate on a specified future date.

Exchange Gain

Exchange gain arises when a company holds foreign currency or transactions, and the exchange rate moves in its favor, increasing the value of the foreign currency held.

Loss

A decrease in net assets or wealth, often realized when expenses exceed revenues or when assets lose value and is reflected in the financial statements.

Forward Exchange Contract

A financial contract between parties to exchange currencies at a predetermined rate on a specified future date.