COGNITIVE ASSESSMENT Which Type of Test Is Used to Verify

question 42

Multiple Choice

COGNITIVE ASSESSMENT Which type of test is used to verify that the new system works with actual data?

• A) unit
• B) systems
• C) acceptance
• D) integration

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Definitions:

Internal Rate Of Return

A financial metric used to evaluate the profitability of potential investments, representing the interest rate at which the net present value of all the cash flows from a project or investment equals zero.

Labor Savings

A reduction in the amount of labor required or a decrease in labor costs, often as a result of improved efficiency or automation.

Useful Life

The estimated period over which an asset is expected to be used before it is fully depreciated.

Profitability Index

A ratio that compares the present value of future cash flows of a project to its initial investment, used to assess the desirability of projects.