As an MIS Analyst, You Have Decided to Use a Prototyping

question 61

Multiple Choice

As an MIS analyst, you have decided to use a prototyping methodology for a small, Web-based design project. What is the order of steps that you will follow in the project?

• A) Develop the prototype; use the prototype; revise and enhance the prototype.
• B) Identify user requirements; develop the prototype; use the prototype; revise and enhance the prototype.
• C) Develop the prototype; identify user requirements; use the prototype; revise and enhance the prototype.
• D) Identify user requirements; develop solutions; select the best prototype; implement the prototype.
• E) Identify user requirements; develop the prototype; revise and enhance the prototype.

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Definitions:

Federal Reserve

The central banking system of the United States, responsible for monetary policy, including regulating banks, managing the country's money supply, and stabilizing the financial system.

Reserve Requirement

The portion of depositors' balances that banks must have on hand as cash, ensuring banks can meet withdrawal demands.

Money Supply

The total amount of monetary assets available in an economy at a specific time, influencing inflation and economic stability.

Bank Reserves

The portion of deposits that banks are required to hold either in cash in their vaults or on deposit with a central bank, as a precaution to ensure bank liquidity.