Which of the Following Is Not a Way of Validating

question 19

Multiple Choice

Which of the following is not a way of validating purchased software information?

• A) Reviewing software documentation and technical marketing literature
• B) Sending prospective vendors a questionnaire asking specific questions about their packages
• C) Using the software yourself and running it through a series of tests based on the criteria for selecting software
• D) Obtaining feedback from other users of the software
• E) Purchasing the software first and then testing

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Definitions:

Strictly Convex

A term often used in mathematics and economics to describe a curve or function that curves away from the origin more sharply than a straight line, indicating increasing marginal effects.

Perfect Substitutes

Perfect substitutes are products or services that can be used in exactly the same way, offering the same utility to consumers, thus one can replace the other without loss of value or function.

Homothetic Preferences

Consumer preferences that are consistent or proportionate across different scales or levels of consumption, indicating a straight line through the origin in a utility function graph.

Quasilinear Preferences

Preferences where utility is a linear function of one good, making the consumer's marginal rate of substitution between goods independent of the level of consumption of that good.