When IBM Paid Programmers by the Line, IBM Programmers Produced

question 118

Multiple Choice

When IBM paid programmers by the line, IBM programmers produced:

• A) small amounts of low-quality code.
• B) small amounts of high-quality code.
• C) large amounts of low-quality code.
• D) large amounts of high-quality code.

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Definitions:

Swap

A financial agreement in which two parties exchange cash flows or liabilities from two different financial instruments.

Intrinsic Value

The inherent, objective value of an asset, investment, or company based on its fundamentals, without regard to market value.

Time Value

The concept that money available now is worth more than the same amount in the future due to its potential earning capacity, reflecting the opportunity cost of waiting.

Stock Price

The current price at which shares of a particular company can be bought or sold on a stock exchange.