Over the Entire Life of a Typical System,approximately ________ of the Work

question 16

Multiple Choice

Over the entire life of a typical system,approximately ________ of the work takes place during development and ________ of the work takes place on software modifications and updates.

• A)30%;70%
• B)40%;60%
• C)50%;50%
• D)60%;40%

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Definitions:

Debit

An entry recorded on the left side of an account in double-entry bookkeeping that increases asset or expense accounts, or decreases liability, equity, or revenue accounts.

Liability Account

An accounting record of obligations or debts that a company owes to others, typically outside of the company.

Increase

An upward adjustment or growth in value, quantity, or size.

Owner's Equity

The residual interest in the assets of the entity after deducting liabilities, representing the ownership interest in the company.