A Collection of Records for a Single Subject, Such as All

question 3

Multiple Choice

A collection of records for a single subject, such as all of the customer records, is called a(n) ____.

• A) Table
• B) Control
• C) Element
• D) Object

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Definitions:

Market Price

The existing selling or buying price for a service or asset in a particular trading environment.

Economic Profit

The total revenue of a business minus its total costs, including both explicit and implicit costs.

Average Variable Cost

The total variable cost divided by the total output, indicating the variable cost for producing one more unit of a good or service.