What Is a Function Point

question 121

Multiple Choice

What is a function point?

• A)a chart that shows tasks,dates,and dependencies in a project schedule
• B)a feature or function of the new program
• C)a hierarchy of the tasks required to complete a project
• D)the sequence of activities that determines the earliest date by which the project can be completed

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Definitions:

Economies of Scale

Cost efficiencies achieved by organizations through their operational scale, with per unit cost diminishing as the scale of production grows.

Monopolistically Competitive

Describes a market structure where many companies sell products that are similar but not identical, allowing for some degree of market power.

Product Differentiation

A strategy used by companies to distinguish their products from those of competitors based on features, quality, or design.

Economic Welfare

The overall well-being and standard of living of individuals and societies, often measured by factors such as income, health, and education.