An Organization May Convert from an Old System to a New

question 27

Multiple Choice

An organization may convert from an old system to a new system by choosing to run both the old and new systems at the same time until the new system is fully accepted. This is known as:

• A) Cutover
• B) Parallel conversion
• C) Direct cutover
• D) Agile development
• E) SDLC

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Definitions:

T-Accounts

A tool used in accounting to represent general ledger accounts, showing debits on the left side and credits on the right side.

Finished Goods

Inventory items that are completed and ready for sale.

Raw Materials

The basic materials and substances used in the initial stages of production.

Schedule of Cost

A detailed report listing all costs associated with a project, including direct, indirect, fixed, and variable costs.