Prototyping has become a popular way to develop
business applications because Prototyping speeds up the process and can make
the development process easier and faster and it allows end user to open the
application development process.
<span> When the
requirements are not clear, during the design of the end user interface, prototyping
is used. And end user have more input in the development process when there is
prototyping. These are the advantages of prototyping.</span>
<span>The disadvantages are sometimes system failure
because prototyping process is fast so may be some steps relating to testing
the system stability can be missed, and upfront developer costs are also more
expensive.</span>
Answer:
An Online Analysis Package.
Explanation:
Online analysis packages (OLAPs) enable very quick analysis of multiple sources of business information in order to present a clearer picture of the state of the business.
You can use a range of software packages to analyse data which ranges from Access or Excel to dedicated packages, such as SPSS, Stata and R for statistical analysis of quantitative data and a host of others.
<u>Journal entry to show the allocation of under applied or over applied overhead for the year:</u>
It is given that the company allocates any under applied or over applied overhead to work in process, finished goods, and cost of goods sold on the basis of the amount of overhead applied during the year that remains in each account at the end of the year. The amounts are given $90,336 for work in process, $316,176 for finished goods, and $722,688 for cost of goods sold. Assuming that these amounts are under applied overhead, and then the Journal entry to record the allocation of under applied overhead for the year shall be as follows:
Work in Process inventory Debit $90,336
Finished Goods Inventory Debit $316,176
Cost of Goods Sold Debit $ 722,688
Manufacturing Overhead Credit $ 1,129,200
(Being under applied overhead adjusted)
Answer:
I. Mature in one year or less.
Explanation:
Money market securities matures in one year or less. It is not assured that principal amount will be safe and government does not guarantee for these securities but they ensure through regulatory bodies that these securities must have a minimum credit rating to be traded in the market. So option I is correct.
Answer:
Mass customization
Explanation:
Mass customization can be defined as the way in which a company or an individual produce large or mass amount of product that meet their customers wants and needs and this is happen when the company or the organisation identify the individual needs of all their customers and provide tailored products and services thereby offering the customers a range of features they can either add or subtract.
Therefore In MASS CUSTOMIZATION it is important for the company or organisation to focus on developing variety of unique mass products that will satisfy their customers needs and by doing this it will lead to higher or greater retention of their customers reason been that the products have options which are tailored to personal tastes of the customers .
