Among the methods for system development, _____ is clearly the best option for many small companies.
A. software on demand
B. in- house developemnt
C. purchasing software
D. outsourcing
Answer: A
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Which budgeting method takes a bottom-up approach by defining specific objectives, determining the tasks needed to achieve these objectives and then estimating how much each task will cost?
A. principal accounting method B. affordable method C. percentage-of-sales method D. cost-per-media method E. objective-and-task method
Longer the maturity of a Treasury security, the smaller the interest rate risk
Indicate whether the statement is true or false
If markets were entirely efficient (perfect), which of the following would we conclude?
A) No firms would ever default on their bonds. B) Book value would be the same as market value. C) Market value and intrinsic value would be the same. D) There would be no inflation.
Rollo is an accountant whose clients include Systems Analysis Corporation. Tyra is Rollo's attorney. Under the common law and by statute in many states, working papers that Rollo develops when preparing financial reports for Systems Analysis are owned by A) Rollo
B) Systems Analysis. C) Tyra. D) no one-the papers must be destroyed immediately after use.