​The Purpose of Studying a System Is to Identify the Strengths

question 9

True/False

​The purpose of studying a system is to identify the strengths and weaknesses of the existing system and examine current inputs, outputs, processes, security and controls, and system performance.

---

Definitions:

Unilateral Mistake

A mistake by one party to the agreement.

Innocent Misrepresentation

A false statement of a material fact made by a party that honestly believed the fact to be true.

Erroneous Statement

A declaration or assertion that is incorrect or mistaken in fact.

Consideration

Something of value given by all parties to a contract that induces them to enter into the agreement to exchange mutual performances.