Refer to Case 1

question 2

Multiple Choice

Refer to Case 1.1 SAMs Chaos. Which of the following is true?

• A)Business cases can be used to justify new systems.
• B)Programming should be completed by using business requirements.
• C)IT Audits can be used to detect problems with IT systems.
• D)Lack of testing in programs can lead to chaos.
• E)All of the above

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Definitions:

Compounded Monthly

A method of calculating interest where the interest is added to the principal amount each month, with each subsequent calculation including the previously accumulated interest.

Interest

The cost associated with the right to borrow funds, often represented as a percentage rate per year.

Compounded Semi-Annually

An approach to calculating interest where the interest is added to the principal twice a year.

Loan

The lending of money by one or more individuals, organizations, or other entities to other individuals, organizations, etc.