A Transaction Is Completed on Execution of a COMMIT or ____

question 20

Multiple Choice

A transaction is completed on execution of a COMMIT or ____ statement,or a disconnection from a session.

• A) SELECT
• B) ROLLBACK
• C) SAVEPOINT
• D) INSERT

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Definitions:

Producer Surplus

The difference between what producers are willing to receive for a good or service and the actual amount they receive, due to the market price being higher.

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.

Unavoidable Costs

Expenses that a company must pay regardless of its level of production or sales activity, also known as fixed costs.

Long Run Level

A period in economics where all inputs or production factors can be varied, and all costs are variable, allowing for full adjustment to changes.