-In the Design Phase of the SDLC,the Project Team Must

question 97

True/False

-In the design phase of the SDLC,the project team must figure out why the new system will fulfill the requirements specified in the System Requirements Report._________________________

---

Definitions:

Discounted Note

A promissory note sold for less than its face value, which will be worth its full value upon maturity; used as a form of short-term financing.

Interest Expense

This is the cost incurred by an entity for borrowed funds, reflected as an expense on the income statement.

Adjusting Entry

A record entered at the conclusion of an accounting cycle to assign revenues and expenses to the appropriate period.

Discounted Note

A promissory note, or loan agreement, where the interest is deducted from the principal amount at the time the loan is issued.