The Task of Improving the Efficiency of Crawford Insurance's Accounting

question 34

Multiple Choice

The task of improving the efficiency of Crawford Insurance's accounting information system was given to a project development team.During the ________ step in the systems development life cycle,the team initiated an end user training program to prepare employees to switch to the new system.

• A)systems analysis
• B)operations and maintenance
• C)implementation and conversion
• D)physical design

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Definitions:

Current Asset

An asset expected to be converted into cash, sold, or consumed within one year or the normal operating cycle of the business, whichever is longer.

Non-current Asset

Long-term investments or properties that a company holds and are not expected to be converted into cash within a year.

Current Liability

A financial obligation that is due to be settled within one year or within the normal operating cycle, whichever is longer.

Bank Indebtedness

A financial term referring to the amount of debt a company has borrowed from banking institutions.