A challenge during the support phase of a system's life cycle is _____.
A. complying with changing business needs
B. converting operations from an old system to a new system
C. integrating disparate stand-alone information systems
D. investigating the feasibility of a new information system
Answer: A
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Federal income tax rules allow businesses to use different inventory costing methods for tax reporting and financial reporting with one exception. Which of the following situations is not allowed by federal income tax rules? Inventory Method Inventory Method for Tax Reporting for Financial Reporting
a. FIFO LIFO b. LIFO FIFO c. Weighted Average FIFO d. LIFO LIFO
Which of the following is true of general partnership?
A) A business should make a profit in order to qualify as a general partnership. B) The general partners need not be the co-owners of the business. C) General partnerships can be oral or implied from the conduct of the parties. D) Charity organizations and schools are mostly formed from general partnerships.
A noncritical path activity?
a. Has zero slack time b. Contributes directly to the duration of the project c. Has zero slack time and contributes directly to the duration of the project d. Neither has zero slack time nor contributes directly to the duration of the project
Match each term with the correct statement below.
a. convenience products b. shopping products c. specialty products d. primary-demand advertising e. institutional advertising f. contest 1. Products that buyers are willing to go to considerable trouble to obtain 2. An organization desires to build goodwill and a favorable public image rather than promote a specific product 3. Products that people buy frequently and without much thought or effort. 4. Products that people will buy after some time and effort; comparison shopping. 5. A method of sales promotion in which consumers compete for prizes based on some skill