Which of the Following Is True of Systems Development

question 75

Multiple Choice

Which of the following is true of systems development?

• A) It has little need for human relations skills as tasks are performed by individuals and not by groups.
• B) It is exclusively a technical task undertaken by programmers and hardware specialists.
• C) It has lesser scope than computer program development.
• D) It requires business knowledge and an understanding of group dynamics.

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Definitions:

Absorption Costing

A financial approach that incorporates every aspect of manufacturing expenses, such as direct materials, direct labor, and all variable and fixed overhead costs, into the price of a product.

Variable Costing

An accounting methodology that assigns only variable costs to inventory, treating fixed costs as expenses of the period.

Operating Income

Refers to the profit realized from a business's core operating activities, excluding deductions of interest and taxes.

Absorption Costing

Absorption costing is an accounting method that includes all manufacturing costs (both variable and fixed) in the cost of a product.