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C201 Practice Test: Questions & Answers: 100% Verified

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What is the primary role of the Internet Corporation for Assigned Names and Numbers (ICANN)? (Ans- To Preserve the Operational Stability of the internet Magnus has been unemployed for a long time ... because he has not been able to find a job in which he can apply his specialized knowledge about the Robostic Data System (RDS), a computer system that is now obsolete. What type of unemployment is Magnus facing? (Ans- Structural Unemployment If Simone Enterprises has a debt ratio of 40%, it means that for every $1 in _____, the firm has 40 cents in _____. (Ans- Assets; Liabilities A petroleum refinery stockpiles crude oil so that it can easily switch between producing home heating oil and gasoline, depending on relative demand. This is an example of _____ planning. (Ans- Strategic A petroleum refinery stockpiles crude oil so that it can easily switch between producing home heating oil and gasoline (Ans- depending on relative demand. This is an example of _____ planning., United States of Mahan (USM) is a nation in which industries like steel, communications, electricity, railways, education, and health care are owned by the government. The leaders of the nation believe that it is detrimental to the public's interest to allow such core industries to be owned by private firms. However, private ownership is encouraged in industries like restaurants, entertainment, and retail shops, which have a lower impact on social welfare. Which of the following economic systems has USM adopted? (Ans- Socialism In a process called the _____, new retailers enter the market by offering lower prices made possible through reductions in service. (Ans- Wheel of Retailing In a typical firm, the _____ is the chief accounting manager. (Ans- Controller The demand curve will shift to the _____ and the prices will _____, if buyers' incomes increase. (Ans- Right, Right Aisha reviews the applications received for a new position in finance. This is an example of _____ planning. (Ans- Operational [Show More]

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