If You Were Preparing a Guest List for Registration, Which

question 4

Multiple Choice

If you were preparing a guest list for registration, which of the following options would you choose?

• A) VIPS first
• B) Alphabetical by first name
• C) Alphabetical by surname
• D) Date of RSVP

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Definitions:

Reservation Price

This is another term for reserve price, meaning the lowest price at which someone is willing to sell a good or service.

Tape Recorder

An electronic device used for recording sound on magnetic tape and usually capable of playback.

Money

A medium of exchange used to facilitate transactions of goods and services.

Producer's Surplus

The difference between the amount a producer is willing to accept for a good or service and the actual amount received from its sale.