Which of these phrases best describes the business cycle?

A low trough is indicative of "a growing recession" since a trough indicates a general change in the business cycle, which can have varying degrees of importance. A recession could be an important decline in economic activity that goes on for quite many months.

Networking is a socioeconomic business activity by which businesspeople and entrepreneurs meet to form business relationships and to recognize, create, or act upon business opportunities, share information and seek potential partners for ventures.

Examples of Business networks are ::

1. Casual contact networks

2. Strong contact networks

3. Community service clubs

4. Professional associations

5. Online/social media networks.

The process of System development life cycle goes through a series of stages in step wise fashion that almost every developing company follows.

Known as the 'software development life cycle,' these six steps include:

1. Planning

2. Analysis

3. Design

4. Development & implementation

5.Testing & deployment and

6. Maintenance.

Enterprise systems (ES) are large-scale application software packages that support business processes, information flows, reporting, and data analytics in complex organizations.

Here option A) The software is expressly built to allow companies to mimic their unique business practices is not TRUE about enterprise systems.

Traceability matrix is a cross matrix for recording the requirements through each stage of the requirements gathering process. This matrix should also take into account any changes in the scope during the life of the project. 

     At the end of the project this matrix should show each function built into a system, its source and the reason that any stated requirements may not have been delivered. 

JAD (Joint Application Development) is a methodology that involves the client or end user in the design and development of an application, through a succession of collaborative workshops called JAD sessions.

The JAD approach, in comparison with the more traditional practice, is thought to lead to faster development times and greater client satisfaction, because the client is involved throughout the development process. In comparison, in the traditional approach to systems development, the developer investigates the system requirements and develops an application, with client input consisting of a series of interviews.

Generally a business analyst covers several stages in Software Development Life Cycle.

Like:  Client Consulting, Client Requirement Study, Planning for business needs, Business Requirement Documenting, Work on functional requirement, Prepare test data with inputs from end users, Document use case scenarios, Help Testing team with test plan and testing, Help end users with user acceptance testing UAT, Go live and post production support tasks.