COGNITIVE ASSESSMENT Which of the Following Is NOT True About

question 24

Multiple Choice

COGNITIVE ASSESSMENT Which of the following is NOT true about storage media and devices?

• A) Storage media also is called secondary storage.
• B) A storage medium with a capacity of 750 GB can hold approximately 750 billion bytes.
• C) In cloud storage, the actual storage media used is transparent to the user.
• D) Writing is the process of transferring items from storage media to memory.

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Definitions:

Economic Profits

The variance between total income and total outlays of a business, taking into account both clearly stated and implied expenses.

Competitive Price-Searcher

A type of market structure where firms set their prices based on the competition and search for the best price to maximize their profits.

Long-Run Economic Profits

Profits that persist over time after all costs, including opportunity costs, are taken into account, indicating a competitive advantage.

Industry Equilibrium

A state where industry supply equals demand, leading to stability in prices and quantities produced and consumed.