Which of the Following Is Not a Potential Business Impact

question 17

Multiple Choice

Which of the following is not a potential business impact created by the growth in information industries?

• A) Top managers must be computer literate
• B) Knowledge workers are generally higher paid
• C) Entry-level positions will require less education
• D) Downsizing will continue

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Definitions:

Stackelberg Duopoly

A strategic game in economics where one firm sets its output first, and the second firm then chooses its output, knowing the first firm's decision.

Remarkable Healing

The process of recovering from an injury or illness in an impressively rapid or efficient manner.

Stackelberg Model

A strategic game theory model that describes a market structure in which one firm (the leader) sets its output or price first, and then other firms (followers) make their decisions sequentially.

Reaction Curve

A graphical representation in economics that shows how one player’s optimal strategy choice depends on the strategy choice of another player.