The ________ Approach to System Conversion Has the Highest Risk

question 41

Multiple Choice

The ________ approach to system conversion has the highest risk of the different conversion approaches.

• A) direct cutover
• B) pilot
• C) phased
• D) parallel
• E) none of the above

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Definitions:

Black Market

An illegal trading environment where goods or services are exchanged in violation of government regulations.

Equilibrium

Equilibrium is a state in which market supply and demand balance each other, and as a result, prices become stable.

Tax on Imports

Levies placed by a government on goods coming into the country, often used to protect domestic industries or generate revenue.

Tariff

A tax imposed by a government on imported goods, often used to protect domestic industries and regulate trade balances.