The Traditional Methodology Used to Develop,maintain,and Replace Information Systems Best

question 28

Multiple Choice

The traditional methodology used to develop,maintain,and replace information systems best defines:

• A)SDLC
• B)RAD
• C)OOAD
• D)prototyping

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Definitions:

Property Rights

Legal rights to possess, use, and dispose of assets including real property and intellectual property.

Inward-Oriented Policies

Economic policies aimed at strengthening domestic industries and protecting them from foreign competition by imposing tariffs, quotas, and other trade barriers.

Production Function

A mathematical equation that describes the relationship between the inputs used in production and the output of goods or services.

Price System

An economic system wherein the allocation of goods and services, as well as their prices, are primarily determined by supply and demand in a free market.