Which of the Following Communication Channels Provides the Lowest Information

question 76

Multiple Choice

Which of the following communication channels provides the lowest information richness?

• A) online group discussions
• B) face-to-face conversations
• C) telephone conversations
• D) voice mail
• E) reports and bulletins

---

Definitions:

Economic Profit

The difference between total revenue and total economic costs (including both explicit and implicit costs), reflecting the true economic performance of a company.

Purely Competitive

An economic model where numerous small businesses operate, offering identical products, with unrestricted market entry and exit, and complete transparency of information.

Short Run

A period in which at least one input in the production process is fixed and cannot be varied to influence output.

Economic Profit

The difference between a firm's total revenue and all costs, including both explicit and implicit costs.