When an Archaeologists Refers to a Datum Point He or She

question 48

Multiple Choice

When an archaeologists refers to a datum point he or she means:

• A) the zero point that is not fixed so that it can be used as a moveable reference point.
• B) the zero point that is fixed, but cannot be used as a reference point.
• C) the zero point that is fixed and can be used as a reference point.
• D) that the archaeologist is using an outdated system to record a site.

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Definitions:

Total Cost

The complete cost of production, including both fixed and variable costs. It represents the entire expense incurred in producing a good or service.

Free Entry

A market condition where firms can enter the industry without any barriers to entry, promoting competition.

Exit

In economic terms, the process of withdrawing from a market, ceasing operations, or ending an investment.

Committed Cost

Expenses that a company has already made or obliged itself to make in the future, often fixed and not easily changed.