Which of the Following Is Always True Regarding the Use

question 224

Multiple Choice

Which of the following is always true regarding the use of encryption algorithms based on public key infrastructure (PKI) ?

• A) PKI uses an independent administrator to manage the public key.
• B) The public key is authenticated against reliable third-party identification.
• C) PKI's public accessibility allows it to be used readily for e-commerce.
• D) The private key uniquely authenticates each party to a transaction.

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Definitions:

Long-Run

The long-run refers to a period in economics where all factors of production and costs are variable, allowing all inputs to be adjusted.

Short-Run

A period in economics during which at least one factor of production is fixed, focusing on immediate effects and adjustments.

Spreading Effect

A phenomenon in economics where an initial investment leads to additional benefits that spread beyond the immediate context, often stimulating further economic activity.

Fixed Cost

Expenses that remain constant regardless of the firm's production volume.