Take a Look at the Comparison of the Two Life

question 166

Multiple Choice

Take a look at the comparison of the two life cycles below: Look at the cell in the Information Systems Life Cycle that is filled with question marks. Which of the following should replace those question marks to make a complete, correct comparison?

• A) growth
• B) installation
• C) implementation
• D) reevaluation

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Definitions:

Sole Proprietorship

A business structure owned by a single individual, where the owner and the business are legally considered the same.

Drawing Account

An account used to record the amounts withdrawn by an owner from the business for personal use.

Net Income

The total profit of a company after all expenses and taxes have been subtracted from total revenue.

Common Shares

Equity ownership units in a corporation, entitling holders to voting rights and dividends.