Which Unit of Data Stores a Single Value That Can

question 29

Multiple Choice

Which unit of data stores a single value that can be a 0 or a 1?

• A) byte
• B) bit
• C) nibble
• D) word
• E) bps

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Definitions:

Average Cost Curves

Graphs that show how the average cost per unit of production varies with the level of output.

Internet Market Structure

The organization and characteristics of online markets, including the nature of competition, pricing strategies, and the role of technology.

Competitive

A market structure characterized by a large number of small firms, freedom of entry and exit, and product homogeneity.

Dominant Position

A situation in which a business or entity holds a major share of the market or has a significant influence over the market conditions.