What Does 1 Represent in Stored Data

question 4

Multiple Choice

What does 1 represent in stored data?

• A) A single item in storage
• B) Presence of an electronic charge
• C) A single character on the keyboard
• D) Absence of an electronic charge

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Definitions:

Economic Profit

The difference between total revenue and total cost, including both explicit and implicit costs.

Industry Entry

Refers to the process of a new firm or business starting operations in a specific industry, typically involving overcoming barriers to entry.

Demand Schedule

A table or graph showing the quantity of a good or service that consumers are willing and able to purchase at various prices.

Industry Entry

Refers to the process by which new competitors join an existing market or industry.