Given below are two statements:
Statement I: Software testing must be recognized as a significant effort, and its planning must begin at the earliest possible time.
Statement II: The cost of software testing is an important contribution in determining overall software development costs.
Statement I is true because software testing planning should start early in the software development life cycle.
Statement II is also true because testing cost is a major part of total software development cost.
So, correct option is:
$\boxed{(a)\ \text{Both Statement I and Statement II are true}}$
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and More.