Many States Create Licensing Requirements for a Variety of Professionals

question 82

Multiple Choice

Many states create licensing requirements for a variety of professionals (such as lawyers and accountants) designed to restrict entry into their market by professionals from other states. This practice limits ________ growth strategies for these types of businesses.

• A)product proliferation
• B)market development
• C)market penetration
• D)diversification
• E)product development

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Definitions:

ROM

ROM stands for Read-Only Memory, a type of non-volatile storage that is used primarily in computers and other electronic devices to hold permanent data that does not change.

Multiuser Systems

Computer systems that allow multiple users to access or operate the system simultaneously.

Coding The Algorithm

The process of translating a set of algorithm steps into a programmable language to solve a specific problem.

Pseudocode

A notational system for algorithms that combines elements of programming languages and natural language.