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The Overall Emphasis of the _____ Phase of a Traditional

question 62

Short Answer

The overall emphasis of the _____ phase of a traditional systems development life cycle is gathering data on an existing system,determining the requirements for a new system,considering alternatives within identified constraints,and investigating the feasibility of alternative solutions.

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Definitions:

R&D Expense

Costs associated with the research and development activities of a company, aimed at the creation of new products or enhancement of existing products.

IFRS

International Financial Reporting Standards; a set of global accounting standards that provide guidance on how to report financial events.

GAAP

GAAP refers to the widely recognized set of accounting norms and guidelines followed in the U.S. for preparing financial statements.

Fair Value

The amount one would obtain from selling an asset or the cost to transfer a liability, in a smooth transaction with market players on the day of valuation.

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