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Benji's Manager Tells Him That the Company Is Considering Some

question 6

Multiple Choice

Benji's manager tells him that the company is considering some changes to the backup policy because management has decided that it cannot lose any more than 2 hours' worth of data. Which of the following policies, or goals, is the manager describing?


Definitions:

Price Ceiling

A government-imposed limit on how high a price can be charged on a product or service, intended to protect consumers from conditions that could make commodities prohibitively expensive.

Price Floor

A government-imposed minimum price that can be charged for goods or services, intended to prevent prices from falling too low.

Price Ceiling

A government-imposed limit on how high a price can be charged for a product or service.

Equilibrium Price

The market price at which the quantity demanded of a good equals the quantity supplied, resulting in no surplus or shortage in the market.

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