What Is the Drawback of Using Social Security Numbers (SSN)as

question 58

Multiple Choice

What is the drawback of using Social Security Numbers (SSN) as the primary key for tables of employees, hospital patients, students, or cable TV customers?

• A)Typing the nine digit SSN numbers is laborious and time consuming.
• B)Non-U.S. citizens may not have an SSN.
• C)It is not a confidential identification number.
• D)It is not a unique identification number.

Analyze long-run cost functions and their dependencies on output and experience.

Calculate optimal input combinations given a production function and budget constraints.

Apply the Lagrangian technique to solve production and cost minimization problems.

Interpret production functions, such as Cobb-Douglas and understand their properties.

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Definitions:

Mark-Up Percentage

The amount added to the cost price of goods to cover overhead and profit, expressed as a percentage of the cost price.

Cost-Plus Pricing

Cost-plus pricing is a pricing strategy where a fixed percentage or amount is added to the total cost of producing a product or delivering a service to determine its selling price.

Mark-Up Percentage

The proportion added onto the goods' purchase price to account for overhead costs and profit margins.

Variable Costs

Expenses that change in proportion to the activity or volume of operations in a business.