When Would a Company Go Through a Systems Development Life

question 4

Multiple Choice

When would a company go through a systems development life cycle?

• A)When major changes are needed.
• B)When minor changes are needed.
• C)Anytime changes are needed.
• D)Usually a company only goes through one complete systems development life cycle,after which the only phase that is repeated is the operations and maintenance phase.

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Definitions:

Paid-In Capital

Funds received by a company from selling its equity shares to investors, over and above the par or stated value of the shares.

Issuing Stock

The process of offering new shares of a company's stock to investors.

Stated Value

A nominal value assigned to a share of stock by the company's board of directors, which is not related to the market value of the stock.

Accounting Purposes

The specific reasons or objectives for maintaining and processing financial records, including compliance, reporting, and decision-making needs.