Developing an Information System Is Similar to Building a House

question 18

Multiple Choice

Developing an information system is similar to building a house because you have to

• A) start with a basic idea of what is needed
• B) create simple drawings of what is needed and allow the customer to provide feedback
• C) develop a detailed set of blueprints
• D) actually build the project, often with some changes directed by the customer
• E) all of the above

---

Definitions:

Qualified Purchasers

Investors who are deemed ‘qualified’ based on their financial assets, enabling them to participate in certain kinds of private investment opportunities not available to the general public.

Proxy

A person authorized to act on behalf of another person, especially in the context of voting rights in a meeting or election.

Rule 10b-5

A regulation enacted under the Securities Exchange Act of 1934 that prohibits fraud, misrepresentation, and insider trading in the securities market.

Nonpublic

Information or entities not accessible or known to the general public or specific non-designated individuals.