What Is an Older Secondary Storage Medium That Uses a Strip

question 59

Multiple Choice

What is an older secondary storage medium that uses a strip of thin plastic coated with a magnetically sensitive recording medium?

• A)magnetic medium
• B)magnetic tape
• C)hard drive
• D)RAM

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Definitions:

Diminishing

Refers to a reduction or decrease over time.

Marginal Product

Marginal product refers to the additional output resulting from using one more unit of a production input, holding all other inputs constant.

Fixed Costs

Costs that remain consistent regardless of production or sales volume, including rent, salaries, and insurance fees.

Variable Costs

Expenses that change in proportion to the activity or production level of a business.