Which of the following statements regarding SDLC methodology is false?
A. Following this type of methodology should ensure that development efforts are efficient and consistently lead to information systems that meet organizational needs.
B. These guidelines are appropriate only when an organization is going to acquire an AIS, not when they plan to develop it in-house.
C. Users, managers, and auditors provide approvals called signoffs.
D. Specific reports and other documentation, called deliverables, must be produced periodically during systems development.
Answer: B
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Yount, Inc issues $400,000 of 20-year, 9 percent bonds at 95. Interest is paid semiannually, and the effective interest method is used for amortization. Assume that the market interest rate for similar investments is 10 percent and that the bonds are
issued on an interest date. a. What amount was received for the bonds? b. How much interest is paid each interest period? c. How much bond interest expense is recorded on the first interest date (after the issue date)? d. What is the carrying value of the bonds after the first interest date (after the issue date)?
Which of the following constraints are binding?
A) Extrusion only B) Packing only C) Additive only D) Extrusion and Packaging E) All constraints are binding
In order to reduce agency problems, managers may be provided compensation that includes
A) a fixed salary so managers' pay is not at risk, allowing managers to focus on the company's business. B) an option to buy the company's stock. C) a bonus based on the level of profit achieved during the year. D) incentive pay for achieving higher sales than last year.
Dan picked up his friend Rodney to drive to their softball game. Both Dan and Rodney have a Personal Auto Policy (PAP) with $5,000 of medical payments coverage
Dan hit a parked car, and Rodney was injured, incurring $9,000 of medical expenses. How will this claim be settled under the other insurance provision of the PAP? A) Both insurers will pay $4,500. B) Dan's insurer will pay $5,000 and Rodney's insurer will pay $4,000. C) Dan's insurer will pay $4,000 and Rodney's insurer will pay $5,000. D) Dan's insurer will pay $3,000, Rodney's insurer will pay $3,000, and Rodney must pay $3,000 out of his own pocket.