What Does the Acronym CRUD Stand For? Why Would an Analyst

question 47

Essay

What does the acronym CRUD stand for? Why would an analyst create a CRUD matrix during his analysis?

Recognize the nature vs. nurture debate in perceptual and sensory development.

Understand legal capacity and its implications on the ability of minors to enter and disaffirm contracts.

Recognize and differentiate between contracts that are void, voidable, and unenforceable under various circumstances including those involving minors, intoxication, and mental illness.

Identify the types of contracts deemed necessary for minors and the special protections afforded to them under the law.

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Definitions:

Return On Investment

measures the gain or loss generated on an investment relative to the amount of money invested, indicating the efficiency of the investment.

Residual Income

The net income an investment or project generates above the minimum required rate of return.

Required Rate Of Return

The minimum return an investor expects to achieve from an investment, given its risk level.

Responsibility Accounting

An accounting system that collects and reports planned and actual accounting information about the inputs and outputs of responsible parties.