The First Element in an Array Is Assigned Subscript 1

question 50

True/False

The first element in an array is assigned subscript 1, the second element is assigned subscript 2, and so on.

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Definitions:

Cost

The cost is the value exchanged, often monetary, to acquire goods or services, encompassing expenses such as purchase price, production, and overheads.

Selling Price

The amount of money for which a product or service is sold, which can include costs and profit margins.

Margin

In finance, margin refers to the difference between the selling price and the cost of goods sold, often expressed as a percentage of the selling price. In trading, it refers to the collateral required to open and maintain a position.

Cost

The amount of money required to purchase something or the expense incurred to create a product or service.