Acceptance Tests Involve

question 7

Multiple Choice

Acceptance tests involve

• A)managers observing the operation of the system by "walking through" the IT department.
• B)processing hypothetical data that are designed to identify errors in the system.
• C)processing copies of real transactions in order to determine whether or not the system meets requirements.
• D)a thorough review of the procedures and program logic of the system.

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Definitions:

Net Present Value

A calculation that compares the value of all cash inflows and outflows of a project or investment using a discount rate.

Accounts Receivable Approach

A method for managing and analyzing a company's incoming payments or receivables from customers to whom it extends credit.

Monthly Interest Rate

The interest rate for a loan or financial product recalculated on a monthly basis.

Variable Cost

Expenses that change in proportion to the activity of a business such as raw materials and labor costs.