Describe Prototyping and Identify When Prototyping Is Appropriate

question 40

Essay

Describe prototyping and identify when prototyping is appropriate.Identify the steps involved in prototyping.Discuss the advantages and disadvantages of prototyping.

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Definitions:

Rate of Return

The built-up gain or incurred loss on an investment over a determined timeframe, expressed as a fraction of the cost of investment.

Share

A unit of ownership in a corporation or financial asset, giving holders a proportion of the company's profits and voting rights.

Bank Account

A financial account maintained by a bank for a customer, allowing for the deposit and withdrawal of funds and earning of interest.

Annual Withdrawals

The amount of money taken from an account or investment over the course of a year.