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

question 62

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 defined the procedures needed to back up and secure the new system's data.

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

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Definitions:

Identifiable Goods Contract

A contract involving goods that are specifically identified at the time the contract is made, central to transactions under the Uniform Commercial Code (UCC).

Simple Delivery Contract

A type of contract involving the transfer of ownership of specific goods or property from the seller to the buyer upon delivery.

Merchant

An individual or business entity engaged in the selling and purchasing of goods or services.

FOB

An incoterm meaning "Free on Board," which indicates that the seller is responsible for goods until they are loaded on a shipping vessel, at which point the responsibility shifts to the buyer.