New Information Technologies and the Growth of the Knowledge Economy

question 11

Multiple Choice

New information technologies and the growth of the knowledge economy will affect education by:

• A) undermining and ultimately destroying education as a formal institution
• B) shifting the emphasis toward active, lifelong learning in diverse settings
• C) further confining teaching and learning to traditional schools and colleges where the technology is located
• D) transferring educational activities entirely to cyberspace
• E) limiting educational access to the younger, more tech-savvy generation

---

Definitions:

Prestige Pricing

A pricing strategy where prices are set higher than average to present the image of exclusivity and high quality.

Pricing Strategy

An approach or method used by a business to determine the best price for its products or services to maximize profitability and meet customer and market demand.

Breakeven Analysis

A financial calculation to determine the number of units or revenue needed to cover total costs, at which point a business neither makes a profit nor suffers a loss.

Quality Of Data

The degree to which data is accurate, complete, reliable, and relevant to the intended usage.