Sequential Storage Means

question 77

Multiple Choice

Sequential storage means

• A)data is stored on tape
• B)access is achieved through an index
• C)access is direct
• D)reading record 100 requires first reading records 1 to 99

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Definitions:

Substitution Effect

The change in consumption patterns due to a change in the relative prices of goods, leading consumers to substitute cheaper goods for more expensive ones.

Price

The amount of money expected, required, or given in payment for something, reflecting the value that consumers and sellers assign to a good or service.

Apples

A fruit cultivated worldwide, also used metaphorically in economics and finance to represent commodities or assets for comparative analysis.

Perfect Complements

Goods that are consumed together in fixed proportions, where the value or utility of one good increases with the consumption of the other.