A firm's existing, older information system is called a "legacy system."
Indicate whether the statement is true or false
TRUE
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In the AON method, the ______.
A. node represents the path to the next project activity B. arrow represents the sequencing of tasks from node to node through the network C. arrow represents the actual time taken to complete a task in a project D. arrow represents the scheduled time to complete a task in a project
Which of the following is not an example of a high-tech service?
a. contract research by a biotechnology company b. consulting on implementing technology solutions c. providing food service to IBMs corporate cafeteria d. an architectural firm providing design services using CAD/CAM workstations e. firms offering outsourced information technology services
Describe the recording procedures for the issuance, retirement, and payment of interest for installment notes.
What will be an ideal response?
Which of the following is untrue regarding the contracts of intoxicated persons?
a. If an intoxicated person is unable to understand the nature and consequences of his act, then the contract is voidable. b. The effect of intoxication is generally the same as that given to contracts that are voidable because of incompetency. c. Slight intoxication will destroy one's contractual capacity. d. To make a contract voidable, a person need not be so drunk that he is totally without reason or understanding.