Examlex

Solved

The Internet Is an Amazing Invention

question 18

Multiple Choice

The Internet is an amazing invention.It can transmit data over a variety of network protocols whether you are close to a device or far away.As you think about all the different network protocols,how is it possible for companies to consider using drones to deliver packages?


Definitions:

Opportunity Cost

Opportunity cost is the value of the next best alternative foregone as the result of making a decision, essentially what you give up to get something else.

Benefits

Various forms of value or advantages that individuals or organizations receive, which can include health insurance, pensions, or profits.

Costs

The expenditure required to produce, acquire, or maintain a product or service, including materials, labor, and overhead expenses.

Absolute Advantage

The ability of an entity to produce a good or service more efficiently than its competitors, using fewer resources.

Related Questions