QTP Question 11: What are the types of Object Repositorys in QTP?

What are the types of Object Repositorys in QTP?
QuickTest has two types of object repositories for storing object information: shared object repositories and action object repositories. You can choose which type of object repository you want to use as the default type for new tests, and you can change the default as necessary for each new test.
The object repository per-action mode is the default setting. In this mode, QuickTest automatically creates an object repository file for each action in your test so that you can create and run tests without creating, choosing, or modifying object repository files. However, if you do modify values in an action object repository, your changes do not have any effect on other actions. Therefore, if the same test object exists in more than one action and you modify an object's property values in one action, you may need to make the same change in every action (and any test) containing the object.