What Is the Systems Development Life Cycle

question 25

Multiple Choice

What is the systems development life cycle?

• A) Involves establishing a high-level plan of the intended project and determining project goals
• B) Involves analyzing end-user business requirements and refining project goals into defined functions and operations of the intended system
• C) Involves describing the desired features and operations of the system
• D) The overall process for developing information systems from planning and analysis through implementation and maintenance

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Definitions:

Accounts Receivable

This represents the funds owed to a business by customers for goods or services delivered or used but not yet paid for.

Net Operating Income

Represents the profitability from normal business operations, excluding income and expenses from unusual or non-recurring items.

Credit Card Company

A Credit Card Company is a financial institution that issues credit cards to consumers, extending a line of credit for purchases with the agreement that the consumer will pay back the borrowed amount, plus any applicable interest.

Allowance for Doubtful Accounts

Allowance for doubtful accounts is an accounting provision that estimates the amount of receivables that may not be collectible due to customer defaults.