Answer: B. False
Explanation:
A product backlog is the list that records the improvements to be made to a product.
Teams operating separately should not have multiple backlogs but should have one so that when the team mean to develop the product looks at the backlog, there is one single authoritative file instead of multiple ones that could complicate things.
Answer:
When firms are unable to differentiate their products
Explanation:
Direct competition is also known as perfect competition which occurs when two or more firms produce and sell the commodities that are not in anyway different. This makes the buyers not have preference for any of the product as the commodities are largely the same.
However, when firms can differentiate their products, they now more in perfect competition but now in indirect competition or monopolistically competitive market. Indirect competition therefore occurs when firms sell differentiated products which are not really the same because they are branded but these products can provide the same satisfaction to the need of the consumer.
Therefore, the threat of direct competition tends to be high when when firms are unable to differentiate their products.
I wish you the best.
Answer:
The correct option is (b)
Explanation:
Accrual refers to income or expense that is accrued (service is delivered) but cash is not received in the current period. In accrual accounting, revenue is recorded at the time it is accrued irrespective of the time period it is received.
In this case, recording revenue that will be received in future is an example of accrual.
Answer:
The dead weight loss will be equal to 200.
Explanation:
Deadweight loss refers to the loss in surplus when the production is not taking place efficiently. A monopolist produces less than socially optimal level of output and charges a higher price. This causes a loss of consumer surplus.
Dead Weight loss
= Area of the triangle marked by a difference in Quantity under 2 situations and Price under monopoly and equality point of MR-MC
=
=
=
= 200