A Description of Something a User Wants to Include in the System

question 116

Multiple Choice

A description of something a user wants to include in the system written by the product owner is called

• A)agile development.
• B)scrum methodology.
• C)scrum development.
• D)user stories.

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Definitions:

Finished Goods Inventory

The value of a company's inventory of products that are completed and ready for sale, but have not yet been sold.

Raw Materials Inventory

The total value of all the inputs that are used in the production process but have not yet been transformed into finished products.

Production Budget

An estimate of the total cost of production, including materials, labor, and overhead costs, for a specific period.

Ending Inventory

is the value of goods available for sale at the end of an accounting period, calculated by adding new purchases to the starting inventory, then subtracting the cost of goods sold.