List and describe each phase in the systems development life cycle.
What will be an ideal response?
Planning phase - involves establishing a high-level plan of the intended project and determining project
goals. Analysis phase - involves analyzing end-user business requirements and refining project goals into
defined functions and operations of the intended system. Design phase - involves describing the desired
features and operations of the system including screen layouts, business rules, process diagrams, pseudo
code and other documentation. Development phase - involves taking all of the detailed design documents
form the design phase and transforming them into the actual system. Testing phase - involves bringing all
the project pieces together into a special testing environment to test for errors, bugs and interoperability,
in order to verify that the system meets all the business requirements defined in the analysis phase.
Implementation phase - involves placing the system into production so users can begin to perform actual
business operations with the system. Maintenance phase - involves performing changes, corrections,
additions and upgrades to ensure the system continues to meet the business goals.
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A risk is an uncertain event that, if it occurs, can have a positive or negative effect on project objectives.
Answer the following statement true (T) or false (F)
An employer is likely to interpret a writing style or punctuation error on your résumé or letter of application as an indication that
a. you pay little attention to detail and do your work hastily. b. you have shortcomings in basic education. c. you lack pride or respect. d. all of the above are true.
Welker Products sells small kitchen gadgets for $15 each. The gadgets have a variable cost of $4 per unit, and
Welker Products' fixed operating costs are $220,000 per year. Welker Products' capital structure includes 55% debt and 45% equity. Annual interest expense is $25,000, and the corporate tax rate is 35%. a. Calculate the break-even point in units. b. If Welker Products sells 25,000 units, calculate the firm's EBIT and net income. c. If sales increase ten percent from 25,000 units to 30,000 units, estimate the firm's expected EBIT and net income. d. Does Welker Products use operating leverage and/or financial leverage? Explain.
Radio often provides advertisers with a very receptive environment for their advertising messages.
Answer the following statement true (T) or false (F)