In addition to the decimal number system, the number systems used most often in PLC operation and programming are ________

A) BCD and hexadecimal B) Binary and octal
C) Binary and hexadecimal D) Octal and BCD


C

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Answer the following statements true (T) or false (F)

1. The production possibilities frontier represents the technically efficient combination of two products a business can produce in the current period given its existing resources and technology. 2. The price of the product and marginal revenue are identical under conditions of perfect competition. 3. The marginal rate of product transformation represents the slope of the production possibilities frontier. 4. The elasticity of supply is equal to the percent change in price for a given percent change in quantity. 5. The market supply curve under conditions of perfect competition is typically perfectly elastic.

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What is risk analysis? How is it used?

What will be an ideal response?

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Which of the following is a basic strategy in developing a production plan?

A) hybrid strategy B) chase strategy C) production leveling D) A and B above E) B and C above

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Technicians have both technical responsibilities and legal responsibilities.

Answer the following statement true (T) or false (F)

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