The prototyping process usually includes formal documentation of system requirements

Indicate whether the statement is true or false

FALSE
Explanation: There is a tendency to avoid creating formal documentation of system requirements, which can then make the system more difficult to develop into a fully working system.
CL

Business

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Jaycee Auto Repair has the following budgeted costs for the next year:

Time Charges Material Charges Shop employees' wages and benefits $120,000 $- Parts manager's salary and benefits - 45,000 Office employee's salary and benefits 30,000 15,000 Other overhead 15,000 40,000 Invoice cost of parts and materials - 400,000 Total budgeted costs $165,000 $500,000 Jaycee Auto Repair budgets 7,500 hours of repair time and it desires a profit margin of $25 per hour of labor. A markup on material cost is assumed to be 40%. Jaycee estimates that the repairs to a Cadillac Escalade damaged in an accident will take 45 hours of labor and $3,500 in parts and materials. The total cost of the repairs is a) $7,015. b) $5,890. c) $5,775. d) $7,890.

Business

Buyer bob and seller sam decided to wait until sam's listing agreement with XYZ real estate agency has expired, to avoid paying a commission. Does the firm have any legal resources?

A. Yes, the listing agent can pursue criminal charges B. Yes, the listing agent can sue Bob under the listing agreement C. Yes, the lsiting agent can sue Sam under the lsiting agreement D. No, the listing agent has no further resources

Business