The Systems Development Life Cycle (SDLC) Methodology Is an Informal

question 183

True/False

The systems development life cycle (SDLC) methodology is an informal, ad-hoc, set of activities used to manage a systems development project.

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Definitions:

Specialized Knowledge

Expertise or skills focused on a specific branch of study, occupation, or field of endeavor, distinguished by its depth and proficiency.

Cost-Push Inflation

Inflation caused by an increase in prices of inputs like labour, raw material, etc., leading to a decrease in the supply of these goods.

Raw Materials

Fundamental materials that are used in the production process to create goods and products.

Prices of Raw Materials

The cost of basic materials used in the manufacture of products, which can affect production costs and pricing strategies.