In ____ Conversion,the Old and New Systems Run Simultaneously for a Short

question 74

Multiple Choice

In ____ conversion,the old and new systems run simultaneously for a short time to ensure the new system works correctly.

• A)parallel
• B)phased-in-phased-out
• C)plunge
• D)pilot

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Definitions:

Withdraw

To withdraw means to take out funds from an account, remove participation in an activity, or retract from a position or commitment.

Retire

To withdraw a financial instrument from circulation, or for an individual to leave the workforce and cease employment.

Invested

The action of allocating resources, usually money, with the expectation of generating an income or profit.

Annuity

A financial product that pays out a fixed stream of payments to an individual, typically used as part of retirement strategy.