1.The majority of the cost of a system incurred in
1.The majority of the cost of a system is incurred in the new systems development phase of the life cycle.
2.According to the text, a stakeholder is an end user of a system.
3.The objective of systems planning is to link systems projects to the strategic objectives of the firm.
4.The Systems Development Life Cycle (SDLC) concept applies to specific applications and not to strategic systems planning.
5.An accountant’s responsibility in the SDLC is to ensure that the system applies proper accounting conventions and rules and possesses adequate control.
6.In the conceptual design phase of the Systems Development Life Cycle (SDLC), task force members are focused on selecting the new system design.
7.When determining the operational feasibility of a new system, the expected ease of transition from the old system to the new system should be considered.
8.One-time costs include operating and maintenance costs.
9.When preparing a cost-benefit analysis, design costs incurred in the systems planning, systems analysis and conceptual design phases of the Systems Development Life Cycle are relevant costs.
10.A tangible benefit can be measured and expressed in financial terms.