When Users Ask for Added Functionality During a Systems Development

question 8

Multiple Choice

When users ask for added functionality during a systems development project, this is called:

• A) User-defined software.
• B) Scope creep.
• C) Bloatware.
• D) An out-of-control project.
• E) A runaway project.

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Definitions:

Unbiased Forward Rates

Future rates of interest inferred from current bond prices, assuming no arbitrage opportunities.

Forward Rate

An agreed-upon price for a financial transaction that will occur at a future date, used in derivatives markets.

Exchange Rate

The worth of one currency in relation to another for converting between them, showing the amount one currency is equivalent to in another currency.

Interest Rate Parity

A theory which posits that the difference between the interest rates of two countries is equal to the difference between the forward exchange rate and the spot exchange rate.