A Company Received a Proposal for the Development of a New

question 35

Multiple Choice

A company received a proposal for the development of a new software.While analyzing the specifications,it was found that there was no clear goal and the scope of the project could evolve.Which methodology should the company adopt to execute this project?

• A) Rapid Application development model
• B) Predictive development model
• C) Agile development methodology
• D) Waterfall model

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Definitions:

Labor Surplus

A situation in the labor market where the supply of labor exceeds the demand for labor, often leading to unemployment.

Structural Unemployment

An unemployment scenario where there's an incongruence between the skillsets provided by the labor market and those needed by employers.

Efficiency Wages

Wages that are deliberately set above the market equilibrium to increase productivity by attracting better applicants, reducing turnover, or increasing worker effort.

Equilibrium Level

The state in which market supply and demand balance each other, and as a result, prices become stable.