Tad Has a Group of Friends Who Meet Each Tuesday

question 25

Essay

Tad has a group of friends who meet each Tuesday morning at the local coffee shop before going to work. Topics of conversation vary from week to week. Recently, the group has been discussing identity theft and computer security. Tad has been researching these topics, and is eager to continue the group's discussions. One of the group's members named Jack asks Tad to explain ActiveX and Java applet's levels of security. What is Tad's response?

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Definitions:

Total Opportunity Cost

The sum of all the benefits that could have been received from the next best alternative option that was not chosen.

JIT Point

A strategy where materials, goods, and even labor are delivered or acquired just in time to be used, reducing storage and inventory costs.