Highly Typical Instances of a Given Concept Are Referred to as Which

question 26

Multiple Choice

Highly typical instances of a given concept are referred to as which of the following?

• A) an algorithm
• B) a prototype
• C) an exemplar
• D) a heuristic

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Definitions:

Military-industrial Complex

The network of government agencies, armed forces, and private industries involved in the production and supply of military materials and technology.

Regulation

The imposition of rules, laws, and guidelines by government or regulatory bodies to control or govern conduct within specific industries.

Diseconomies

Situations where economies of scale no longer function for a firm and higher production volumes lead to increased average costs.

Competitive Advantage

An edge a company has over its competitors, allowing it to generate greater sales or margins and retain more customers.