Why Is Prototyping a Valuable Tool

question 19

Multiple Choice

Why is prototyping a valuable tool?

• A) Because it supports advanced IT technologies
• B) Because it allows users to evaluate and enhance requirements
• C) Because it supports Extreme Programming (XP) and other rapid development methods
• D) Because it allows the project team to work in a collaborative environment

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Definitions:

Cost of Goods Sold

An expense reported on the income statement that represents the total cost of products or services that have been sold.

Retained Earnings

Accumulated profits of a company that are not distributed to shareholders as dividends but are reinvested in the business or held as reserves.

Retained Earnings Account

An equity account that represents the accumulated profits of a company that have not been distributed to shareholders as dividends.

Income Statement Account

An income statement account is a financial account that reflects income, expenses, gains, and losses over a period, used to calculate net income.