Which of the Following Best Describes the Construction Phase of the Systems

question 18

Multiple Choice

Which of the following best describes the construction phase of the systems life cycle?

• A) The system is functionally designed, and then its physical design is specified.
• B) The new system is installed.
• C) Business and systems professionals document systems needs and feasibility.
• D) Data and procedures from the old system are converted.

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Definitions:

Forward Contract

A personalized agreement between two individuals to purchase or sell a property at a designated future time at a price determined currently.

Futures Contract

A standardized legal agreement to buy or sell a specific commodity or asset at a predetermined price at a specified time in the future.

Interest Rate Collar

A financial derivative strategy used to limit the range of possible interest rates movements by buying and selling interest rate options.

Variable Rate Loan

A loan where the interest rate can fluctuate over time based on changes in an underlying benchmark interest rate or index.