Which Element of Design Specification Will Help the Project Team

question 73

Multiple Choice

Which element of design specification will help the project team find an efficient way to collect data for preparing sales reports?

• A) data collection
• B) input
• C) output
• D) processing procedures

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Definitions:

Interest Rate

The percentage of a sum of money charged for its use, indicating the cost of borrowing or the return on savings.

Present Value

The current financial value of a future financial sum or sequences of payments, assessed with a predefined rate of earnings.

Interest Rate

The cost of borrowing money or the return on savings, typically expressed as a percentage of the principal amount per year.

Discounting

The process of determining the present value of future cash flows by applying a discount rate to reflect time value of money and risk.