An Advantage of Written Communication Is That It

question 97

Multiple Choice

An advantage of written communication is that it

• A) allows scope for immediate feedback.
• B) is more persuasive than oral communication.
• C) gives a sender complete control over where and when a message is read.
• D) is a permanent record that can be saved.
• E) makes it easier for a receiver to sense a sender's sincerity than oral communication does.

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Definitions:

Marginal Revenue Product

The additional revenue generated from using one more unit of a factor of production, holding all other factors constant.

Law of Diminishing Returns

This economic law states that after a certain point, successive increments of a single factor of production yield progressively smaller increases in output.

Competitive Market

A market environment where numerous producers and consumers interact, leading to price competition and variety in products.

Marginal Revenue Product

The additional revenue generated from employing one more unit of a resource, such as labor or capital, in the production process.