The Correct Number of Significant Figures in the Number 0

question 45

Multiple Choice

The correct number of significant figures in the number 0.002320 is:

• A)7
• B)4
• C)3
• D)ambiguous
• E)none of the above

---

Definitions:

Cost-Based Pricing

A pricing strategy where the selling price is determined by adding a specific markup to a product's cost of production.

Product Costs

The total expenses incurred in creating a product, including materials, labor, and overhead costs.

Skimming Pricing

A market strategy involving setting high prices initially to "skim" revenue layers from the market, typically used for new and innovative products.

Unit Costs

The cost incurred to produce, store, or purchase one unit of an item.