The Goal of the Planning Phase for an Information System

question 15

Multiple Choice

The goal of the planning phase for an information system project is to create a(n) ____________.

• A) iterative SDLC
• B) systems analysis and design
• C) project development plan
• D) system development life cycle

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Definitions:

Economic Life

The estimated period over which an asset is expected to be economically useful to the owner.

Sales-Type Lease

A lease agreement where the lessor recognizes profit or loss upfront due to the difference between the fair value of the asset and its carrying amount.

Initial Direct Costs

Expenses directly associated with obtaining or originating a financing lease, which are often deferred and amortized over the lease term.

Interest Rate Implicit

The interest rate implicit in a lease is the rate of interest that, when applied to the cash flows of the lease, causes the present value of these flows to equal the fair value of the leased asset at the inception of the lease.