Many Home Users Are Connecting Multiple Computers and Devices Together

question 37

Multiple Choice

Many home users are connecting multiple computers and devices together into a system. What is the name for this system?

• A)home grid
• B)file share
• C)residential multiplex
• D)home network

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Definitions:

Implicit Costs

Costs that represent the opportunity cost of using resources that a business already owns, rather than explicit outlays of cash.

Total Revenue

The total amount of money received by a company from selling goods or services before any expenses are subtracted.

Explicit Costs

Direct, out-of-pocket payments for resources or services used in the production of goods or services.

Implicit Costs

Denotes the opportunity costs of utilizing resources owned by the firm for its operations, instead of allocating them elsewhere to earn a return.