Identify one disadvantage in prototyping
A) Developers may shortchange the testing and documentation process.
B) Errors are likely to be detected and eliminated early in the development process.
C) Prototyping may be less costly than other approaches.
D) Prototyping usually produces a better definition of user needs than other approaches.
Answer: A
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Which one of the following correctly describes how price adjustment eliminates a surplus?
a) As the price falls, the quantity demanded increases and the quantity supplied decreases. b) As the price rises, the quantity demanded decreases and the quantity supplied increases. c) As the price rises, the quantity demanded increases and the quantity supplied decreases. d) As the price falls, the quantity demanded decreases and the quantity supplied increases. e) As the price falls, the demand for substitutes decreases, which eliminates the surplus.
People who justify such high executive compensation say the large payments are necessary
a. to attract and retain top talent. b. to keep the executives motivated. c. both a & b d. to use profit sharing.