Which of the Following Is Considered an Expensive Channel of Communication

question 15

Multiple Choice

Which of the following is considered an expensive channel of communication for business users?

• A)A blog application
• B)A face-to-face meeting
• C) A videoconferencing tool
• D) A teleconferencing tool

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Definitions:

Expected Winnings

The average amount one can expect to win or lose from a gamble or game, calculated by multiplying each possible outcome by its probability and summing the results.

Hyperbolic Discounting

A cognitive bias where people tend to prefer smaller, immediate rewards over larger, delayed rewards, affecting decision-making.

Exponential Discounting

A process or model that describes how future benefits or costs are valued less as they are further in the future.

Interest Rate

The fraction of the borrowed amount a borrower needs to pay as interest to the lender.