Strategic Systems Planning Is Important Because the Plan

question 5

Multiple Choice

Strategic systems planning is important because the plan

• A) provides authorization control for the Systems Development Life Cycle
• B) will eliminate any crisis component in systems development
• C) provides a static goal to be attained within a five-year period
• D) all of the above

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Definitions:

Net Approach Method

A pricing method where the net price after all discounts is shown in the invoice.

Periodic Inventory System

An inventory valuation method where the inventory is physically counted at specific intervals and the cost of goods sold is calculated thereafter.

Discounts Lost

Costs incurred when a payment discount is not taken advantage of within the specified discount period.

Partial Payments

Payments that are made to settle a portion of the total amount owed, rather than the full balance.