_____ Takes an Iterative Approach to the Systems Development Process

question 37

Multiple Choice

_____ takes an iterative approach to the systems development process.

• A) Rapid application development
• B) Prototyping
• C) Traditional systems development
• D) None of the above

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Definitions:

Economic Policy

Strategies and decisions by a government or organization aimed at achieving specific economic aims, such as controlling inflation, reducing unemployment, or promoting growth.

Capital Goods

Assets used by businesses to produce goods and services, such as machinery, buildings, and equipment.

Investment

Expenditures that increase the volume of physical capital (roads, factories, wireless networks) and intangible ideas (formulas, processes, algorithms) that help to produce goods and services. Also known as economic investment. Not to be confused with financial investment.

Marginal Analysis

The comparison of marginal (“extra” or “additional”) benefits and marginal costs, usually for decision making.