Which of the Following Measurements Has the Same Number of Significant

question 58

Multiple Choice

Which of the following measurements has the same number of significant figures as the measured number 0.02030?

• A)2.03 × 103
• B)4600
• C)0.0067
• D)510
• E)4.006

Understand the role and characteristics of an entrepreneur.

Comprehend the rational behavior assumption in economics and its implications for decision-making.

Understand the basic purpose and utility of economic models.

Recognize the significance of assumptions in constructing economic models.

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Definitions:

U-bolts

Metal fasteners in the shape of the letter U, used to secure pipes or other round objects to surfaces.

Standard Costs

Costs that are predetermined on a per-unit basis. Standard costs are used as a benchmark for evaluating performance. These costs are often used in or are the output from the budgeting process.

Efficiency Losses

Reductions in economic well-being, reflected by the inability of a market to allocate resources optimally.

Standard Costs

The predetermined expenses for the production of a product or operation of a service, used as a baseline to measure performance.