When Two or More Computers Are Connected Locally, Such as in an Office

question 31

Multiple Choice

When two or more computers are connected locally, such as in an office, the network is called a(n) ____.

• A) Internet
• B) Telecommunications network
• C) Intranet
• D) None of the above

---

Definitions:

Market Price

The amount for which something can be sold on a given market at a particular time, restated for clarity.

Maximizing Profits

The process of adjusting production and operations to achieve the highest possible profit margins under given market conditions.

Marginal Decision Rule

A principle stating that an action should be taken if, and only if, the marginal benefit exceeds the marginal cost.

Profit-Maximizing

The strategy or procedure for altering sales and production to attain the greatest possible earnings.