Case 1 - BrainPower Tutoring

question 14

Multiple Choice

Case 1 - BrainPower Tutoring
The owner of BrainPower Tutoring needs an application to calculate and print estimates to provide to potential clients for tutoring services. A tutoring session is a minimum of one hour, and the hourly rate varies based on the subject. The application should allow the owner to enter the client’s name, subject, number of tutoring sessions, and hourly rate. The application will display the total fee and allow the owner to print the estimate. You should also provide the ability for the owner to clear the screen and exit the application.
-How many buttons do you need for the application?

• A)one
• B)two
• C)three
• D)four

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Definitions:

Inelastic

Describes a situation where the demand or supply of a good or service is unaffected by changes in price.

Demand

Demand is the desire and ability of consumers to purchase goods or services at a given price within a specific time frame.

Usury Laws

Regulations governing the amount of interest that can be charged on a loan, intended to protect consumers from excessively high rates.

Loanable Funds

Financial assets available for borrowing, which play a crucial role in setting interest rates in economics.