A Computer Software Program Is Most Strongly an Example of

question 35

Multiple Choice

A computer software program is most strongly an example of

• A)intellectual property.
• B)real property.
• C)vicarious property.
• D)fiat property.

Identify the profit-maximizing or loss-minimizing level of output for a firm.

Distinguish between the most efficient level of output and other output levels.

Describe the characteristics of perfect competition and the behavior of firms within it.

Explain the difference between short-run and long-run profit maximization and loss minimization.

---

Definitions:

Reactiveness

The trait of responding to situations or stimuli rather than initiating or controlling them.

Activeness

A quality of being active, showing initiative, or willingly engaging in activities.

Flexibility

Ability to tolerate a mismatch (discorrespondence) between needs and rewards.

Theory of Work Adjustment

A psychological theory explaining how workers adjust to their jobs by balancing their abilities with job demands and their needs with job rewards.