When Canned Software Is Used for Systems Acquisition,the Implementation and Conversion

question 31

Multiple Choice

When canned software is used for systems acquisition,the implementation and conversion phase of the systems development life cycle (SDLC)

• A)involves the documentation step.
• B)requires the company to have trained IS personnel.
• C)requires the develop and test software step.
• D)involves both A and C.

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Definitions:

NPV

Net Present Value, a calculation used to assess the profitability of an investment by discounting future cash flows to their present value.

Cash Flow

The total amount of money being transferred into and out of a business, affecting the company's liquidity, operations, and financial health.

NPV

Net Present Value; a method used in capital budgeting to evaluate the profitability of an investment or project.

IRR

Stands for Internal Rate of Return, a financial metric used to estimate the profitability of potential investments.