Organizations use a standard set of steps to develop and support their information systems, which is called the:
A) system design model.
B) systems development methodology.
C) waterford model.
D) becker methodology.
E) systems programming methodology.
B
Explanation: B) A systems development methodology is a specific set of steps defined by an organization to develop information systems.
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A) The DuPont system is based on two equations that relate a firm's ROA and ROE. B) The DuPont system is a set of related ratios that links the balance sheet and the income statement. C) Both management and shareholders can use this tool to understand the factors that drive a firm's ROE. D) All of the above are correct.
Which of the following is not a requirement for recognizing that a transaction can be recorded as a sale of receivables?
A) The factor discounts the amount remitted to the seller. B) The selling company does not maintain effective control over the receivables. C) The factor has the ability to pledge the receivables. D) The receivables are isolated from the selling company.