Match Each of the Following Terms with Its Description

question 14

Multiple Choice

Match each of the following terms with its description.
-A depiction of a system's behavior or functionality under various conditions as the system responds to requests from users.

• A)actor
• B)use case
• C)system boundary
• D)connections
• E)extend relationship
• F)include relationship
• G)use case diagram

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Definitions:

Elastic

Describes a situation where the demand or supply for a good or service significantly changes in response to changes in price.

Pure Competition

A market structure characterized by a large number of buyers and sellers, uniform products, and free entry and exit, leading to price taking behaviour.

Excess Capacity

A situation where a firm is producing at a level less than its potential maximum output, indicating underutilization of resources.

Monopolistically Competitive

An economic scenario where multiple companies offer products that are alike but not exactly the same, providing them with a certain level of influence over the market.