What Is a Major Development Milestone That Involves a Prototype

question 26

Multiple Choice

What is a major development milestone that involves a prototype of a product, system or service called?

• A) The alpha version
• B) The beta version
• C) The first commercial release
• D) None of the above

---

Definitions:

Marginal Utility

The additional satisfaction or benefit (utility) a consumer receives from consuming one more unit of a good or service.

Expected Value

The weighted average of all possible values of a random variable, considering the probabilities of each outcome.

Fixed Salary

A set amount of money paid to an employee by an employer at regular intervals, regardless of hours worked, providing income stability.

Expected Value

A statistical concept that represents the average outcome when the same event is repeated multiple times.