Which of the following best describes the planning phase of the systems development life cycle?
A. Systems analysts outline all features required in the new system, including screen layouts and business process diagrams.
B. The business determines its information needs and designs the system to meet those needs.
C. Summarize the business needs of the company with a high-level view of the project.
D. Plan the detailed steps that will take place during the implementation phase.
Answer: C
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The amount of output produced when the unemployment rate equals the natural rate of employment in an economy is called ________ output.
A. natural B. aggregate C. full-employment D. long-run
Answer the following statements true (T) or false (F)
1. In a standard cost system, the manufacturing overhead allocated to production equals the standard overhead allocation rate multiplied by the standard quantity of the allocation base allowed for expected output. 2. To compute the variable overhead cost variance, first compute the difference between actual cost and standard cost. Then, multiply this difference by standard quantity. between actual cost and standard cost. Then, multiply this difference by actual quantity. 4. The fixed overhead cost variance measures the difference between actual fixed overhead and budgeted fixed overhead to determine the controllable portion of total fixed overhead variance. 5. The fixed overhead cost variance measures the difference between actual fixed overhead and allocated fixed overhead.
Explain the significance of gatekeepers.
What will be an ideal response?
Which of the following would be considered part of the category "trade receivables"?
a. Advances to employees b. Amounts due from customers c. Dividends receivable d. Income tax refunds receivable