Assignment Example | Topics and Well Written Essays - 1000 words - 15

Assignment Example For example, the electricity bills of the factories or the taxes paid on land are fixed costs because even if no production takes place in the factories, these costs would still be incurred. Variable costs, on the other hand, are those costs that are directly related to the number of units produced (Case & Fair, 2007). For example, depending on the number of cars produced, the variable costs would differ because for every additional car produced, the company would incur costs in components such as doors, engines, glasses, mirrors, seats, etc. As the demand of new cars increases, the demand curve shifts to the right (D1). This means that for the same price (P0), a higher quantity of cars (Q1) would be demanded. As a result, firms can observe higher profits by increasing the price, which in return causes the demand to decrease until the intersection of D1 and S0 is reached. At this point (E*), the market is in equilibrium. As demand for new cars increased and demand for used cars decreased, firms would decrease prices of the used cars to increase sales. Therefore, overall, the price and output of used cars would decrease. An obvious opportunity cost for funding the Scrappage Scheme is that the government could have used that money on other areas of the transport industry. For instance, if the government observed a decline in the number of cars purchased, due to recession and increasing fuel prices, it could have made investments to boost the public transport sector and could have promoted the usage of public transport and created more job opportunities there. There are many reasons why PED for cars is likely to be more elastic in large cities. Firstly, the larger cities, such as London, are economic hubs of UK and they have a good infrastructure present. These places offer a large of substitutes for cars to the consumers. There are many forms of public transports available, for example. The consumers can

QuickTest or WinRunner Essay Example | Topics and Well Written Essays - 1250 words

QuickTest or WinRunner - Essay Example Mercury QuickTest Professionalâ„ ¢ (QTP) and WinRunner (WR) are automated functional Graphical User Interface (GUI) testing tools created by the HP quality management and performance testing solutions subsidiary Mercury Interactive (now HP Software) based in Sunnyvale, CA, with R&D in Israel (Mar, 2007, p. 2) that allow the automation of user actions on a web or client based computer application. WinRunner was introduced in 1995 while QuickTest Pro has been available since about 2002 (LoPorto, n. d., p. 3).The Software Test & Performance 2006, Tester’s Choice Grand Award winner (Award-Winning QA by Any Other Name Would Smell as Sweet, 2007, para.1), Mercury QuickTest Professionalâ„ ¢ is a next-generation automated testing solution. It provides the industry’s best solution for functional test and regression test automation – addressing every major software application and environment including next-generation development technologies such as Web Services, Ma cromedia Flex, .NET, J2EE, and ERP/CRM applications (Mercury Functional Testing: Mercury QuickTest Professional , 2006, p.2). Mercury QuickTest Professionalâ„ ¢ uses the Keyword-driven testing concept to radically simplify test creation and maintenance. Its unique Keyword-driven testing approach enables the test automation experts to have full access to the underlying test and object properties, via an integrated scripting and debugging environment that is round-trip synchronized with the Keyword View (Mercury QuickTest Professional, 2007, para. 2).... d., p. 3). Over the past decade, WinRunner is one of the market leaders when it comes to automated functional testing tools. WinRunner utilizes a "Graphical User Interface (GIU) Map" approach to create an automated test script. Since each object within a test has a minimum set of physical attributes that make it unique (Korhonen, 2000, p. 26) hence WinRunner recognizes objects like buttons and edit fields by their unique properties.It can also be used to create automated scripts for applications created using a range of technologies, including Java, Siebel, PowerBuilder, and Delphi (Mercury WinRunner, 2006, p. 2). It has gain an enormous popularity and thousands of developers has gathered under its flag who have improved their skills in this product over the years of their professional careers. With Mercury WinRunner, the organization reduces testing time by automating repetitive tasks, optimizes testing efforts by covering diverse environments with a single testing tool and maximizes return on investment through modifying and reusing test scripts as the application evolves (Quality Assurance, n. d., pp. 1-3). Although WinRunner has proved to be an efficient testing tool and it has become an industry standard as functional testing technology, yet continuous technological development scenario has highlighted its few short comes or limitations over its applications. In a number of applications, WinRunner has fallen short to recognize a lot of texts, graphics and drop-down lists hence failed to make sure that all of the company's software 100% error-free. To be able to check all of the texts, graphics and drop-down lists, developers have to do more work. This really degrades the automation testers efficiency and makes it impossible for