A computer game that can be purchased online and played right away has good time utility.
This is because going to the store then installing the game on your computer takes time. This time can be saved by simply buying the game online and playing it right away.
Answer:
The price elasticity of demand is 1.14.
The price is Elastic.
Elasticity is more than one so total revenue will fall.
Explanation:
Given the initial price of good x = $12
Final price of good x = $12.90
% change in price = [(12.90 - 12) / 12] x 100 = 7.5 %
Initial quantity = 5000
Final quantity = 4600
% change in quantity = [(4600 - 5000)/5000] x 100 = -8%
Elasticity = % change in quantity / % change in price
Elasticity = 8% / 7%
Elasticity = 1.14
The price elasticity of demand is 1.14.
The price is Elastic.
Since elasticity is more than one so total revenue will fall.
Answer:
The correct answer is letter "C": Identify major scope creep.
Explanation:
Scope creep in project management refers to those uncontrolled changes in the scope of a plan. This can be caused when the scope of the project is not defined or controlled correctly. It may cause schedule variances so it is important to deal with it during the first steps of monitoring a critical project.
Answer: (4) Requirement analysis
Explanation:
The requirement analysis is one of the process of determine the actual user expectation for building the new product with the help of new modifications.
The requirement analysis is one of the phrases of SDLC (Software development life cycle). The requirement analysis is also known as requirement engineering.
According to the question, the requirement analysis is one of the software development life cycle phase in which the information system are produced by using the report according to the organization quality.
Therefore, Option (4) is correct.
