The Result of the _____Phase of the Systems Development Life

question 59

Multiple Choice

The result of the _____phase of the Systems Development Life Cycle (SDLC) should be a better understanding of the system's functional areas, actual and potential problems, and opportunities.

• A) analysis
• B) implementation
• C) detailed systems design
• D) maintenance

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Definitions:

Bank Reconciliation

The process of comparing and adjusting the balance of an account as reported by a bank to the balance in a company’s financial records.

Maximum Benefit

The highest possible advantage or gain that can be achieved from a particular action or resource.

Bank Reconciliation

The process of matching and comparing figures from accounting records against those presented on a bank statement to ensure consistency and correctness.

Cancelled Checks

Checks that have been processed by the bank, serving as proof of payment or transaction.