The File Disposition Attribute ____

question 20

Multiple Choice

The file disposition attribute ____.

• A) indicates the type of device on which the file resides
• B) indicates whether I/O is synchronous or asynchronous
• C) identifies the current location in the file
• D) indicates whether to delete the file after closing it

Identify the types and features of contractual security devices.

Recognize the rights and obligations of parties in transactions involving security interests.

Distinguish between the legal characteristics and implications of sureties and guarantors.

Understand the concept and application of liens as security interests.

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Definitions:

Economic Profit

The surplus obtained from total revenues minus both explicit (out-of-pocket) and implicit (opportunity) costs of all resources employed.

Competitive Firm

A company that operates in a market with many buyers and sellers, where no single entity can influence prices on its own.

Optimal Output

The level of production that maximizes a firm's profit, determined by the point where marginal cost equals marginal revenue.

Cost Curves

Graphs that show the relationship between the cost of producing a good or service and the output level.