Which Statement Below Is Incorrect Regarding Program Modifications

question 13

Multiple Choice

Which statement below is incorrect regarding program modifications?

• A)Only material program changes should be thoroughly tested and documented.
• B)During the change process,the developmental version of the program must be kept separate from the production version.
• C)After the modified program has received final approval,the change is implemented by replacing the developmental version with the production version.
• D)When a program change is submitted for approval,a list of all required updates should be compiled and then approved by management and program users.

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Definitions:

Risk Averse

A characteristic of individuals who prefer to avoid risk and would rather choose an option with a lower but more certain return than an option with a higher but uncertain return.

Von Neumann-Morgenstern

Pertains to a theorem used in expected utility theory, which provides an axiomatic basis for the selection of optimal choices under uncertainty.

Utility Function

An economic model that quantifies the satisfaction or happiness a consumer receives from consuming goods and services.

Expected Utility

A theory in economics that models how agents choose among risky alternatives to maximize their satisfaction.