ANSWER:
The term validation and verification in relavant of information system is related to assurance and evaluation about the product. Both term uses in software development process. It is helpful to avoid wrong or duplicate data entry to the data basis.
Validation: Validation means assurance that a product, system meets the needs of the customer and other stakeholder.Validation may be different different types like full validation, cross validation, partial validation, revalidation or periodical validation, prospective validation, Retrospective validation.
Verification: Verification is intended to check that a product, service, or system meets a set of design specifications. Only by reviewing its associated artifacts, someone can conclude if the specifications are met.
What issues are related to data verification and validation, relevant to information systems ?
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International Data Systems' information on revenue and costs is relevant only up to a sales volume of 123,000 units. After 123,000 units, the market becomes saturated and the price per unit falls from $14.00 to $8.80. Also, there are cost overruns at a production volume of over 123,000 units, and variable cost per unit goes up from $7.00 to $7.50. Fixed costs remain the same at $73,000. a. Compute operating income at 123,000 units. Operating income b. Compute operating income...