Which of the Following Statements Is Not True

question 66

Multiple Choice

Which of the following statements is not true?

• A)All systems should be properly authorized to ensure their economic justification and feasibility.
• B)Users need not be actively involved in the systems development process.
• C)All program modules must be thoroughly tested before they are implemented.
• D)The task of creating meaningful test data is time consuming.

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Definitions:

Annual Bond Interest

The total interest that will be earned on a bond over the course of a year.

Face Value

The nominal or principal value of a financial instrument as stated by the issuer, typically used for bonds or currency notes.

Interest Expense

The cost incurred by an entity for borrowed funds, represented as an expense on the income statement.

Market Rate

The current price or interest rate at which securities, commodities, or currencies can be bought or sold in a marketplace.