Which of the Following Statements Is True About Systems Development

question 55

Multiple Choice

Which of the following statements is true about systems development?

• A) Prototyping and the traditional systems development process should not be used together.
• B) If given a choice, the traditional systems development life cycle should be chosen over prototyping.
• C) Prototyping usually takes more time for product development than the traditional systems development life cycle.
• D) Prototyping and the traditional systems development life cycle can be used together.

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Definitions:

Interest Revenue

Income earned by a company for lending money or through investments in interest-bearing assets.

Lease Rental Revenue

Income earned by a lessor from leasing out assets to lessees, under the terms specified in lease agreements.

Lease Receivable

An asset account on the balance sheet that represents the amount of rent due to the lessor from the lessee according to the lease agreement.

Sales-Type Lease

An arrangement where a lessor sells an asset to a lessee under lease terms, effectively treating the lease as a purchase and sale from an accounting standpoint.