Which of the Following Is Correct

question 43

Multiple Choice

Which of the following is correct?

• A) Check digits should be used for all data codes.
• B) Check digits are always placed at the end of a data code.
• C) Check digits do not affect processing efficiency.
• D) Check digits are designed to detect transcription and transposition errors.

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Definitions:

Autonomous Consumption

The level of spending on goods and services that occurs even when income is zero, representing non-discretionary, baseline consumption.

Disposable Income

The financial stipend available to households for spending and saving endeavors after income taxes are considered.

Autonomous Consumption

The level of consumption expenditure that occurs when income levels are zero, reflecting the basic level of consumption that does not depend on current income.

APS

An acronym for Average Propensity to Save, which is the ratio of savings to the total net disposable income.