___________Involves Fast Development of an Application Based on Initial User

question 7

Short Answer

___________involves fast development of an application based on initial user requirements and several cycles of user input and developer improvements.

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Definitions:

Manager Responsibility

The duties and obligations assigned to managers, including decision making, leadership, and overseeing operations and employees.

Shared Service Units

Organizational entities created within a firm to provide specialized support functions centrally to various business units or departments, enhancing efficiency and reducing costs.

Profit Centres

Divisions or departments within an organization that are responsible for generating their own revenue and managing their own expenses.

Zero Profit

A situation where a company's revenue exactly matches its operational costs, resulting in no net profit or loss.