There Are Three Important Factors to Consider in Selecting a Conversion

question 80

Multiple Choice

There are three important factors to consider in selecting a conversion strategy: risk, cost, and _____________.

• A) the time required
• B) system features
• C) infrastructure
• D) planning
• E) performance

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Definitions:

Percentage of the Bill

The portion or fraction of a total bill calculated as a percentage, relevant in contexts like tips, discounts, or finance charges.

Disclosure of Finance Charges

The act of making known any costs or fees associated with a financial transaction, typically required by law.

18 Months

A time period equal to one and a half years, often used to describe the age of infants or the duration of certain projects or warranty periods.

Truth in Lending Act

A federal law designed to protect consumers in their dealings with lenders and creditors by requiring clear disclosure of key loan terms and costs.