Which of the Following Functions Is Best Suited to Replace

question 94

Multiple Choice

Which of the following functions is best suited to replace the word "Doctor" with "Dr." in a text string?

• A)TRIM
• B)LEFT
• C)CONCATENATE
• D)SUBSTITUTE

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Definitions:

Lemons Problem

A term in economics used to describe the issue of quality uncertainty in a market where sellers have more information about the product quality than buyers, leading to adverse selection.

Adverse Selection

A situation where asymmetric information leads to the selection of undesirable risks by one party in a transaction, often seen in insurance and financial markets.

Moral Hazard

When a party whose actions are unobserved can affect the probability or magnitude of a payment associated with an event.

Asymmetric Information

Asymmetric information exists when one party in a transaction has more or better information than the other, potentially leading to an imbalance in power or unfair outcomes.