The Internet-Of-Things Is Slang for Mobile Devices That Can Be

question 59

True/False

The Internet-of-things is slang for mobile devices that can be used in the business setting through applications and web technology.

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Definitions:

Total Productivity

The overall effectiveness and efficiency of an entity in generating outputs from a set of inputs over a specific period of time.

Wage Rate

The fixed regular payment, typically paid on a daily or weekly basis, made by an employer to an employee.

Union Labor

Labor unions are organized groups of workers who unite to make decisions about the conditions of their work.

Elastic Demand

Describes a situation where the quantity demanded of a product changes significantly in response to changes in its price.