Bank PO Questions

Making Optimal decisions at the margin requires "Weighing the costs and benefits of a decision before deciding if it should be pursued".

The process of System development life cycle goes through a series of stages in step wise fashion that almost every developing company follows.

Known as the 'software development life cycle,' these six steps include:

1. Planning

2. Analysis

3. Design

4. Development & implementation

5.Testing & deployment and

6. Maintenance.

An increase in the price level will cause a movement up the aggregate demand curve.

For a good that is a luxury demand tends to be elastic.

Net working capital is defined as the aggregate of the current liabilities and current assets i.e, it measures the company's ability to pay off its current liabilities with in the current assets.