Mike, a Research Analyst, Is in the Analysis Phase of a Project

question 29

Multiple Choice

Mike, a research analyst, is in the analysis phase of a project, the goal of which is the development of smile shutter technology in cameras. Mike first identifies and analyzes the integral elements that need to be included in the technology such as red eye removal, blink detection, and face identification and then prioritizes them as mandatory, preferred, or nonessential. Which of the following processes is being illustrated in the given scenario?

• A)probabilistic analysis
• B)competitive analysis
• C)requirements analysis
• D)amortized analysis

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Definitions:

Fixed Monthly Expenses

Costs that do not vary from month to month, such as rent, insurance, and salaries.

Unit Variable Cost

The cost associated with producing an additional unit of product, which includes materials, labor, and any other expenses that increase with each unit produced.

Monthly Sales

The total revenue generated from sales of goods or services within a month.

Net Operating Income

The total profit of a company after operating expenses are deducted but before taxes and interest are subtracted.