When a Field's Value Is Tightly Dependent on Other Data

question 77

Multiple Choice

When a field's value is tightly dependent on other data and that field is not updated when the other data is changed, it is said that the field has become ____________.

• A) archaic
• B) stale
• C) obsolete
• D) frozen

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Definitions:

Fixed Costs

Expenses that do not change in proportion to the activity of a business, such as rent, salaries, and insurance.

Monopolistically Competitive

A market scenario where various companies offer products that are substitutes but different enough to give the companies some price-setting power.

Profit-Maximizing

The process or strategy of adjusting production and sale practices to achieve the highest possible profit.

Short Run

A period in economics where at least one input is fixed while others are variable, affecting the level of output or production.