____ Is an Example of a Discretionary Project

question 51

Multiple Choice

____ is an example of a discretionary project.

• A)Creating a new report for a user
• B)Adding a report required by a new federal law
• C)Including annual updates to payroll and tax percentages
• D)Including quarterly changes in insurance reporting required by law

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Definitions:

Occupations

Refers to various jobs or professions that individuals engage in to earn income and contribute to the economy.

Elasticity Coefficient

A numerical measure of the responsiveness of the quantity demanded or supplied of a good or service to a change in one of its determinants, such as price.

Elastic

Describes a situation in economics where the demand for a product or service significantly changes in response to a price change.

Substitution Effect

The change in consumption resulting from a change in the relative prices of goods, leading consumers to substitute one good for another.