The Accounting Department at Aglaya Telecom Records an Average of 8,000

question 36

Multiple Choice

The accounting department at Aglaya Telecom records an average of 8,000 transactions per hour and have a recovery time objective of 240 minutes.Aglaya recently suffered a hardware malfunction and it took the company 16 hours to recover their lost data.How many transactions did Aglaya recover?

• A)52,000 transactions.
• B)5,200 transactions.
• C)32,000 transactions.
• D)3,200 transactions.

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Definitions:

Income Effect

The change in an individual's or economy's income and how that change will affect the quantity demanded of a good or service.

Substitution Effect

The change in consumption that results from a change in the relative price of goods, leading consumers to substitute away from higher-priced goods.

Income Effect

The income effect describes the change in an individual's or economy's income and how that change will affect the quantity demanded of a good or service.

Normal Good

A type of good for which demand increases as the income of the consumer increases, holding all else constant.