Which of the Following Are Recommended for Developing System Procedures

question 4

Multiple Choice

Which of the following are recommended for developing system procedures and documentation?

• A)Create backup procedures to be used in the event that the system is not running either for reasons of scheduled maintenance or unforeseen circumstances.
• B)If major modifications were made to the base system, use the vendor's system user guides.
• C)Develop a data dictionary containing system terms and terms for mapping from one system to another.
• D)During the training process, develop procedures for how the system will be used to support client care and associated administrative activities.
• E)Create separate documentation that includes the downtime procedures and manual requisition forms and locate in an easily identifiable and accessible location.

Interpret the relationship between controllable margin, sales, and ROI.

Differentiate between various costs (fixed, variable, direct, and indirect) in the context of investment centers.

Understand the role and evaluation of investment centers in an organization.

Recognize the importance of budgeting in managing costs and evaluating performance.

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Definitions:

Expense Allocation

The process of distributing costs among different departments, projects, or segments within an organization.

Direct Expenses

Expenses that can be directly traced to producing specific goods or services, such as raw materials and labor costs.

Cash Conversion Cycle

The length of time it takes for a company to convert its investments in inventory and other resources into cash flows from sales.

Working Capital

The difference between a company's current assets and current liabilities, measuring the short-term financial health and operational efficiency.