Frugging Means

question 4

Multiple Choice

Frugging means:

• A) claiming that a survey is for research purposes and then asking for a sale or donation.
• B) fully explaining to respondents any deception that was used during research.
• C) using data collection personnel to fill out surveys for fake respondents.
• D) combining different publicly available information on the Internet to determine consumers' identities.
• E) conducting research below professional standards.

Appreciate the legal responsibilities and potential liabilities of professionals, including auditors, lawyers, and medical practitioners.

Understand the principle of near-privity and its application in negligence cases.

Analyze the legal issues surrounding professional malpractice, negligence, and the right to information and its ownership.

Understand the role and types of memory in computing systems.

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Definitions:

Production

The creation or manufacture of goods and services with the combination of labor, equipment, technologies, and raw materials.

Diminishing Returns

A principle stating that if one factor of production is increased while others are held constant, the output per unit of the variable factor will eventually decrease.

ATC

An abbreviation for Average Total Cost, a financial metric calculated by dividing the total cost by the quantity of output produced.

MC

Often referred to as Marginal Cost, it is the increase in total cost that arises from an extra unit of production.