Identify the Element Below That Is Not an Objective of the Output

question 12

Multiple Choice

Identify the element below that is not an objective of the output design phase of the physical systems design stage of the SDLC.

• A)Determining the nature of reports.
• B)Determining the timing of reports.
• C)Determining the content of reports.
• D)Determining the cost of reports.

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Definitions:

Contingent Liability

A possible obligation that arises from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the entity.

AASB 137

refers to an Australian accounting standard concerning the recognition and measurement of provisions, contingent liabilities, and contingent assets.

Financial Effect

The impact of financial transactions and events on the financial statements of an organization, altering its financial condition or performance.

Uncertainties

Situations or elements with unpredictable outcomes, often affecting decision-making and planning in business and science.