When Is a Proposal to Conduct a Systems Analysis Prepared

question 63

Multiple Choice

When is a proposal to conduct a systems analysis prepared?

• A) after a written request for systems development is prepared
• B) after the development team completes the survey of the existing AIS
• C) after the initial investigation of the project is approved
• D) before the initial investigation

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Definitions:

Cost Of Goods Sold

The cost of merchandise sold recognized as an expense; the cost of finished goods available for sale minus the ending finished goods inventory.

Inventory

Inventory consists of the goods and materials a business holds for the purpose of resale or production, including raw materials, work-in-progress, and finished goods.

Conversion Costs

The sum of direct labor costs and manufacturing overhead costs, representing the costs to convert raw materials into finished goods.

Planned Production

The forecasted or scheduled production activities based on demand, inventory levels, and capacity planning to meet business objectives.