You Represent a Decision in a Flowchart by Drawing a Decision

question 15

Multiple Choice

You represent a decision in a flowchart by drawing a decision symbol,which is shaped like a ____.

• A) parallelogram
• B) square
• C) diamond
• D) circle

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Definitions:

Substantial Network

A concept in economics and business that typically refers to a network within a market that has a significant user base or utility, making it valuable and influential.

Marginal Revenue

Marginal revenue is the additional income generated from the sale of one more unit of a good or service.

Elastic Demand

A situation where the demand for a product is sensitive to price changes, with a relatively large change in quantity demanded for a small change in price.

Inelastic Demand

A situation where the demand for a product does not significantly change with a change in price.