Which Statement Is True Regarding Canned Software and the SDLC

question 57

Multiple Choice

Which statement is true regarding canned software and the SDLC?

• A) Canned software cannot be modified to meet unique user needs.
• B) Companies that buy, rather than develop, AIS software can still follow the SDLC process.
• C) Most canned software meets all of a company's information or data processing needs.
• D) The SDLC process does not apply to purchasing canned software.

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Definitions:

Discount Rate

The interest rate used to determine the present value of future cash flows.

Promissory Notes

Written promises to pay a specified sum of money to a specified person at a specified time.

Compounded Monthly

Interest calculation method where interest is added to the principal balance monthly, affecting future interest computations.

25 Years

A term often referring to the duration of a loan or mortgage, indicating the time over which repayments are to be made.