A Software Company Is Working on a New Project for a Mutual

question 184

Multiple Choice

A software company is working on a new project for a mutual fund organization.The client expects the scope of the project to be flexible; their goals are evolving and they needed to test the product as components are finished.Which type of project development methodology should be adopted?

• A) Waterfall model
• B) Agile development
• C) Rapid application development
• D) Predictive development

---

Definitions:

Master Budget

A comprehensive financial plan that includes all of the smaller specialized budgets within an organization for a specific period, guiding financial planning and performance benchmarks.

Cash Disbursements

The total amount of money paid out by a business for all its expenses and investments during a specific period.

Selling Expense

Costs incurred directly from the selling of goods or services, such as sales commissions and advertising expenses.

Sales Collection

The process of receiving payment from customers for goods or services sold, impacting a company's cash flow.