When Rounding to a Specified Decimal Place

question 47

Multiple Choice

When rounding to a specified decimal place:

• A) if the digit is 5 or more, add 1 to the digit in the specified place, and eliminate all digits to the right
• B) find the digit in the specified place, then look at the next digit to the right
• C) all of these
• D) if the digit is less than 5, eliminate it and all digits to the right

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Definitions:

Dynamic Pricing

The practice of varying the price for a product or service in real time based on market demand, competition, and other factors.

Target Pricing

The practice of setting a price for a product based on what customers are expected to be willing to pay, often considering the competitive landscape and cost constraints.

Profit Leader

A company or business entity that dominates a particular market or industry in terms of profit generation.

Traffic Builder

A promotional activity or event designed to attract visitors or increase footfall to a certain location, such as a retail store or trade show booth.