Discovery Prototyping Builds a Small-Scale Representation or Working Model of the System

question 45

True/False

Discovery prototyping builds a small-scale representation or working model of the system to ensure it meets the user and business requirements.

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Definitions:

Collection Float

The time period between when a check is deposited into a bank account and the time the funds are available and officially credited to the account.

Book Balance

refers to the current balance in a company’s accounting records, not including any pending transactions that have not yet been cleared or settled.

Net Collection Float

The time difference between when a check is deposited and when the funds are available in the firm's account, affecting available cash.

Net Disbursement Float

The time difference between when a check is issued by a company and when the funds are actually withdrawn from the company's bank account.