During Logical Design, the Analyst Team Decides Which Programming Languages

question 95

True/False

During logical design, the analyst team decides which programming languages the computer instructions should be written in, which database systems and file structures will be used for the data, and which hardware platform, operating system, and network environment the system will run under.

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Definitions:

LIFO Inventory

Last-In, First-Out inventory method, where the most recently produced items are recorded as sold first.

Current Replacement Cost

The cost that would be incurred to replace an asset at the present time, considering the asset's current condition.

LIFO Perpetual

Inventory valuation and accounting system where the last items purchased are the first ones sold, continuously updated for each sale or purchase.

Gross Profit

Gross profit is the revenue from sales minus the cost of goods sold, indicating the profitability of a company's core business activities excluding overhead costs.