____________________ Parameters Are Useful in Three Situations:• When the Value

question 15

Short Answer

____________________ parameters are useful in three situations:• When the value of the actual parameter needs to be changed
• When you want to return more than one value from a function
• When passing the address would save memory space and time relative to copying a large amount of data

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Definitions:

Price Elasticity

A measure of how sensitive the quantity demanded of a good or service is to a change in its price, indicating how changes in price affect sales volume.

Price-Setting Process

The method or strategy used by a company to determine the selling price of its products or services.

Chowchow

A type of pickled relish made from a mixture of chopped vegetables, commonly used as a condiment.

Cost-Volume-Profit

An accounting technique used to determine how changes in costs and volume affect a company's operating income and net income.