One Advantage of the Systems Development Life Cycle Is Its

question 22

Multiple Choice

One advantage of the systems development life cycle is its opportunity for user input.It therefore shares some commonalities with which elements of the COSO enterprise risk management framework?

• A)Internal environment and risk response
• B)Event identification and information and communication
• C)Event identification and risk response
• D)Internal environment and information and communication

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Definitions:

Raw Material

Fundamental substances that are processed and converted into final products during manufacturing.

Work in Process

Inventory that includes goods that are in the production process but have not yet been completed.

Property, Plant, and Equipment

Long-term tangible assets owned by a business, used in its operations to generate revenue, including buildings, machinery, and equipment.

Overhead Volume Variance

This measures the difference between the budgeted fixed manufacturing overhead and the applied manufacturing overhead, based on the actual production volume.