All of the Costs Associated with the Design, Development, Testing

question 63

Multiple Choice

All of the costs associated with the design, development, testing, implementation, documentation, training and maintenance of a software system are collectively termed as:

• A) total cost of ownership.
• B) economies of scale.
• C) economic value added.
• D) return on investment.
• E) cost to company.

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Definitions:

Standard Deviation

An approach to assess the magnitude of spread or variation within a group of data points.

Normally Distributed

Refers to a statistical distribution that is symmetrical, with most observations clustering around the central peak and the probabilities for values further away from the mean tapering off equally in both directions.

MBA Degree

Master of Business Administration, a postgraduate degree focusing on business administration and investment management.

Life Expectancy

The average number of years an individual or population is expected to live, based on statistical averages.