What Modifies Software to Meet Specific User or Business Requirements

question 73

Multiple Choice

What modifies software to meet specific user or business requirements?

• A)software customization
• B)conversion
• C)business requirements
• D)sign-off

Understand how statistical design principles (control, randomization, blinding) contribute to the reliability of experimental results.

Understand the definition and identify different components of a time series (trend, cyclical, seasonal, random).

Distinguish between the four main components of a time series based on their characteristics and effects.

Know how to compute moving averages and understand their purpose in time series analysis.

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Definitions:

Absorption Costing

A method of accounting that includes all manufacturing costs, both variable and fixed, in the valuation of inventory and cost of goods sold.

Total Contribution Margin

The difference between total sales revenue and total variable costs, indicating how much revenue contributes towards covering fixed costs and generating profit.

Variable Costing

An accounting method that assigns only variable production costs to inventory and products; fixed costs are expensed as incurred.

Unit Product Cost

The total cost incurred to produce, purchase, or manufacture one unit of a product, including direct material, direct labor, and manufacturing overhead.