Which of the Following Is Based on an Iterative,incremental Approach

question 139

Multiple Choice

Which of the following is based on an iterative,incremental approach to systems development and has inception,elaboration,construction,and transition phases?

• A)JAD
• B)RAD
• C)RUP
• D)eXtreme Programming

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Definitions:

Lower-of-cost-or-market

An accounting principle requiring that inventory be recorded at the lower of either its original cost or its current market price.

Ending Inventory

The final stock level of products or materials that a company has in hand at the close of an accounting period, rephrased as "terminal inventory balance."

Periodic Inventory System

An inventory system that updates the count and valuation of stock at specific intervals, rather than continuously.

LIFO Method

An inventory costing method that assumes the last items placed in inventory are sold first, used for both inventory valuation and cost of goods sold calculation.