Which of the Following Is the First Step of Information

question 64

Multiple Choice

 Which of the following is the first step of information processing? 

• A) Retention of the information
• B) Attention to the information
• C) Understanding the information
• D) Exposure to information

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Definitions:

Marginal Cost

The increase in total production costs resulting from the production of one additional unit of a product or service.

Average Total Cost

The total cost of production divided by the quantity of output produced, representing the average cost per unit of output.

Profit

The financial gain achieved when the revenue from business activities exceeds the expenses, costs, and taxes needed to sustain the activity.

Marginal Cost

The escalation in cumulative price involved in fabricating one extra unit of a product or service.