Describe Two Ways That Passwords Are Used to Authorize and Validate

question 40

Essay

Describe two ways that passwords are used to authorize and validate messages in the electronic data interchange environment.

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Definitions:

Total Utility

The overall satisfaction or benefit that a consumer derives from consuming a particular quantity of goods or services.

Indifference Curve

An indifference curve represents a series of combinations of two goods or services that give an individual equal satisfaction and utility, illustrating consumer preferences.

Satisfaction Levels

Refers to the degree of contentment or fulfillment that individuals or consumers get from the consumption of goods or services.

Indifference Curve

A graph showing different bundles of goods between which a consumer is indifferent, meaning all combinations yield the exact level of utility to the consumer.