Critical Thinking Questions Case 1 Professor Mackenzie Is Answering Questions

question 42

Multiple Choice

Critical Thinking Questions Case 1 Professor Mackenzie is answering questions from students in her class as she explains the program development life cycle in her introductory Visual Basic course. Some of her students have been confusing the order of the various steps and phases and she wants to correct any misunderstandings about it. Which of the following can the professor give as the correct order for the steps in the program development life cycle?

• A) Gather and analyze the program requirements, design the program processing objects, design the user interface, code the program, document the program/system, test the program, and maintain the program/system
• B) Design the user interface, design the program processing objects, gather and analyze the program requirements, code the program, test the program, document the program/system, and maintain the program/system
• C) Gather and analyze the program requirements, design the user interface, design the program processing objects, code the program, test the program, document the program/system, and maintain the program/system
• D) Gather and analyze the program requirements, code the program, design the user interface, design the program processing objects, test the program, document the program/system, and maintain the program/system

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Definitions:

Required Reserve Ratio

Percentage of deposits that must be held as vault cash and reserve deposits by all depository institutions.

Monetary Multiplier

A factor by which a change in money supply is magnified or multiplied to result in a change in national income and output.

Actual Reserves

The total amount of funds that a bank has in its vault or deposited with the central bank, available to meet withdrawal demands or regulatory requirements.

Federal Reserve Banks

The regional banks of the Federal Reserve System, the central bank of the United States, which regulate and serve banks, execute monetary policy, and provide financial services.