Indicate whether each statement is True or False.

1. When choosing between possible solutions to a business problem, the best solution is the one with the fewest risks and the most benefits.

2. The first four major phases of the predictive systems development life cycle (SDLC) are the planning phase, the analysis phase, the design phase, and the prototyping phase.

3. A predictive SDLC has a high technical risk.

4. Finding the best solution to a business problem or opportunity describes the attention to detail characteristic that a systems analyst should exhibit during the requirements determination phase.

5. When comparing alternative methods for making information systems identification and selection decisions, top management has the smallest system size and a cross-functional focus.

6. To maintain consistency, top management or a steering committee should classify and rank projects, not the IS group or individual business units.

7. Potential benefits are the process of analyzing an organization's activities to determine where value is added to products and/or services and the costs incurred for doing so; this process usually also includes a comparison with the activities, added value, and costs of other organizations for the purpose of making improvements in the organization's operations and performance.

8. "What information requirements will satisfy our business's decision-making needs today and well into the future?" is a question that might be asked by a planning-based approach to project identification and selection.

9. Data redundancy and users having little confidence in the quality of data are reasons why improved information systems project identification and selection is needed.

10. A major disadvantage of closed-ended questions is that useful information that does not quite fit the defined answers may be overlooked as the respondent tries to make a choice.