A Good Method to Determine Whether to Customize Your Software's

question 5

Multiple Choice

A good method to determine whether to customize your software's architect or stay with the vanilla software version is to complete a ______.

• A) competitive analysis
• B) cost-benefit analysis
• C) needs assessment
• D) version assessment

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Definitions:

Budgeted Activity

The planned level of output or activity for a specific period, used for planning and control purposes.

Labor Rate Variance

The difference between the actual hourly wage paid to workers and the expected wage, multiplied by the actual hours worked.

Labor Efficiency Variance

The difference between the actual labor hours taken to produce a good or service and the standard labor hours expected, multiplied by the labor rate.

Direct Labor

Labor costs directly associated with the production of goods or services, including wages for workers who physically produce a product.