Sonia Works from Home and Uses the Internet Often Throughout

question 19

Multiple Choice

Sonia works from home and uses the Internet often throughout the day.When they're home, Sonia's husband and children also use her network for gaming, social media, and streaming videos or music.Which of the following best describes Sonia's network?

• A) ISP network
• B) Business network
• C) Internet
• D) Home network

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Definitions:

Cost Minimization

The process of reducing expenses to the lowest possible level while still achieving the desired level of output or quality.

Normal Rate Of Return

A rate of return on capital that is just sufficient to keep owners and investors satisfied. For relatively risk-free firms, it should be nearly the same as the interest rate on risk-free government bonds.

Economic Loss

A situation where the cost of making a product is greater than the revenue gained from selling it, resulting in a negative economic outcome.

Normal Rate Of Return

The average expected or required return on an investment or project, reflecting the usual profit level for the market or industry.