Which of the Following Statements Is Incorrect

question 9

Multiple Choice

Which of the following statements is incorrect?

• A)An annuity is a series of payments under a contract.
• B)Annuity payments are fixed in amount.
• C)Annuity payments may be for a specified period of time or for the life of the contract holder.
• D)The proportional amount of an annuity payment that is attributable to the cost of the contract is tax-free.

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Definitions:

Pilot Conversion

A method of system implementation where a new system is initially deployed to a limited area of the organization to test its functionality before a full roll-out.

Agile Development

A methodology in software development that emphasizes flexibility, customer involvement, and the regular reassessment of goals and methods throughout the project lifecycle.

Software

Programs and other operating information used by a computer to perform specific tasks.

Upper CASE Tools

Tools that are used to automate the early stages of the SDLC (systems investigation, analysis, and design).