Questions

Income easticity of demand measures the responsiveness of demand for any goods to changes in income. With increase in incomes generally the demand for farm products like rice wheat etc, will not change drastically. With income increase, demand for luxuries such as consumer durables etc will increase. The income elasticity  of demand for farm products is thus low.

Fixed expenses are those expenses that do not change when there is a change in production or sales level.

Examples of Fixed Expenses are rent, insurance, payment on loans, salaries, advertising, etc...

Tablespoon > Teaspoon

In US & UK, 1 Tablespoon = 3 Teaspoons.

Configuration management is not concerned with the choice of the hardware configuration for an application.

Configuration management is concerned with the development of procedures and standards for cost-effective managing and controlling charges in an evolving s/w system.

It includes

1)software versions maintenance

2)controlling changes in documentation

3)controlling changes to the source code

4) management activities