_____ Is a Storage Technology for Less Frequently Needed Data

question 83

Multiple Choice

_____ is a storage technology for less frequently needed data so that it appears to be stored entirely on tape cartridges,although some parts may be stored on faster hard disks.

• A) Virtual tape
• B) Compact disc
• C) Magnetic tape
• D) Cache memory

Understand the concept of opportunity cost and how to calculate it.

Analyze the marginal costs associated with increasing capacity or service.

Distinguish between fixed, variable, and total costs in business operations.

Evaluate decision-making processes in operational and financial contexts.

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Definitions:

Total Revenue

The total income a firm receives from the sales of its products or services before any expenses are subtracted.

Economic Profit

The difference between a firm's total revenue and its opportunity costs, including both explicit and implicit costs.

Profit-maximizing

The process or strategy aiming to achieve the highest possible profit from business operations, often involving adjusting prices, output, and costs.

Total Revenue

The total amount of money generated by a business from the sale of goods or services before any expenses are subtracted.