A Networked ____ Is Perhaps the Simplest Device to Add

question 26

Multiple Choice

A networked ____ is perhaps the simplest device to add.

• A) workstation
• B) hub
• C) printer
• D) server

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Definitions:

Standardized Product

Goods or services that are uniform in quality and specifications across all producers and marketplaces.

Marginal Revenue

The additional profit earned from the sale of an extra unit of a product or service.

Purely Competitive Firm

Describes a business that operates in a market where no single company can influence prices, due to the presence of many sellers offering identical products.

Output

The quantity of goods or services produced in a certain period of time by a person, machine, or industry.