A closer look, however, suggests that a rules-based approach is superior. 1  A good monetary policy rule specifies a plan of action which the central bank cannot later ignore, while discretion allows central bankers to reactâand often overreactâto economic indicators as they see fit.
A syntax error is an error in commands. For example, the following command: dir (path) which displays a directory in a Windows Command Prompt. The following, dir c:/windows/system32 would show the contents of the Windows/system32 directory in the C: drive.
An error in software or hardware that causes a program to malfunction. Defect: Defect is the difference between expected and actual result in the context of testing. Defect is the deviation of the customer requirement. An Error found in the product itself after it is shipped to the customer.