In 2003, NIST Developed a New Certification & Accreditation (C&A)

question 271

Multiple Choice

In 2003, NIST developed a new Certification & Accreditation (C&A) guideline known as FIPS 199. What levels of potential impact are defined by FIPS 199? Each correct answer represents a complete solution. Choose all that apply.

• A) Medium
• B) High
• C) Low
• D) Moderate

---

Definitions:

Cost Behaviour

The way in which a cost reacts or changes when there is a change in the level of business activity.

Marginal Revenue

The additional income earned from selling one more unit of a good or service.

Marginal Cost

The increase in total cost that arises from producing one additional unit of a product or service.

Economic Profit-Maximising

The point at which a firm achieves the highest profit possible given its production costs and market conditions.