The Task of Improving the Efficiency of Crawford Insurance's Accounting

question 34

Multiple Choice

The task of improving the efficiency of Crawford Insurance's accounting information system was given to a project development team.During the ________ step in the systems development life cycle,the team initiated an end user training program to prepare employees to switch to the new system.

• A)systems analysis
• B)operations and maintenance
• C)implementation and conversion
• D)physical design

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Definitions:

Financial Management

The strategic planning, organizing, directing, and controlling of financial undertakings in an organization or an institution.

Equity Financed

A means of raising capital through the sale of shares in a company, providing investors with ownership interests.

Accounts Receivable Policies

Guidelines and procedures a company follows to manage money owed by customers for goods or services delivered on credit.

Shares of Stock

Shares, as units of corporate or asset ownership, provide an even allocation of profit distributions in the guise of dividends, pending announcements.