End-User Development Is Inappropriate for Some Types of Systems

question 8

Multiple Choice

End-user development is inappropriate for some types of systems.What is an example of a system that end users should not be allowed to develop?

• A) a payroll processing program
• B) a program that performs "what-if" statistical modeling
• C) developing an application using prewritten software such as a spreadsheet or database system
• D) preparing a schedule or list such as a depreciation schedule

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Definitions:

Option Values

The premium or price of an options contract, determined by factors including the underlying asset's price, strike price, and expiration date.

European Put

A type of put option that can only be exercised at its expiration date, not before.

American Put

An option contract giving the holder the right, but not the obligation, to sell a specified amount of an underlying asset at a predetermined price before or on a specified date.

Real Option

The choice available to managers regarding business investments, such as expanding, deferring, or abandoning a project, based on changing conditions.