Prototyping Involves

question 62

Multiple Choice

Prototyping involves:

• A) A standard systems development cycle using CASE tools
• B) The rapid generation of a system by IS professionals, without the need for end user input
• C) An interative, interactive development process with extensive end user involvement
• D) A fail-safe development process designed to ensure that an information system meets all user requirements, without revision

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Definitions:

Operating Costs

Expenses associated with the day-to-day functions of a business, excluding costs directly related to producing goods or services.

Profitability Index

A financial tool that calculates the ratio of the present value of future expected cash flows to the initial investment cost.

Working Capital

A disparity between a firm's current holdings and its outstanding obligations, signifying its short-term economic fitness and effectiveness in functioning.

Discount Rate

In the context of discounted cash flow analysis, this is the interest rate used to establish the present-day value of future cash inflows.