Software Engineering Economics Quiz

What is the primary focus of Software Engineering Economics?

• Understanding how to write code efficiently

• Managing financial and resource-related aspects of software projects

• Designing software user interfaces

• Testing software for defects

What does the concept of "Economize" mean in engineering economics?

• Maximizing satisfaction with limited resources

• Spending as much as possible on a project

• Eliminating the need for software maintenance

• Avoiding economic decision-making

Which of the following is NOT considered a scarce resource in software development?

• Time

• Budget

• Skilled professionals

• Unlimited software demand

Why is economics important in software engineering?

• It helps engineers understand coding languages

• It ensures engineering projects are cost-effective and feasible

• It focuses only on improving software quality

• It eliminates financial constraints

Scarcity in software engineering means:

• Having unlimited access to skilled professionals

• Limited resources such as budget, time, and expertise

• No need for decision-making in project management

• Infinite computing power availability

Which of the following is a solution for managing scarcity in software development?

• Ignoring financial planning

• Using Agile methodologies

• Hiring more employees than needed

• Avoiding cost-benefit analysis

Which of the following is NOT a way to address scarcity in software projects?

• Efficient resource allocation

• Increasing unnecessary project scope

• Conducting cost-benefit analysis

• Prioritizing critical tasks

What does microeconomics focus on?

• National and global economic trends

• Individual and business decision-making in resource allocation

• The financial policies of governments

• Stock market predictions

Which factor affects software pricing in microeconomics?

• User interface design

• Demand and supply

• Software color schemes

• Number of software bugs

Which pricing model allows users to access basic software features for free but requires payment for advanced features?

• Subscription-based model

• One-time licensing fee

• Freemium model

• Open-source licensing