Which of the Following Is a Common Source of Data

question 20

Multiple Choice

Which of the following is a common source of data supplied to internal databases?

• A)the mass media
• B)the stockholders
• C)the marketing department
• D)the competitors
• E)the Web

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Definitions:

Total Fixed Costs

The sum of all costs that remain constant regardless of the level of production or output in a business.

Recession

A period of declining real GDP, accompanied by lower real income and higher unemployment.

Average Fixed Cost

The fixed expenses of a business spread out over the total number of units produced, decreasing as production increases.

Total Revenues

The total income generated by a firm from its sales activity, calculated by multiplying the selling price by the quantity sold.