A Local Utilities Company Has Setup an Online Mechanism to Pay

question 38

Multiple Choice

A local utilities company has setup an online mechanism to pay bills which provides information to customers online so that the customers do not have to drive down to the local office.This service has improved customer satisfaction immensely and encouraged timely payment and resolution of issues.This strategy helps to reduce the company's:

• A)knowledge gap.
• B)delivery gap.
• C)communication gap.
• D)standards gap.
• E)communion gap.

Recognize the importance of timing in maximizing the value of an asset.

Understand the effects of inflation on the real interest rate and its impact on consumption decisions.

Develop an understanding of arbitrage opportunities in well-functioning markets.

Analyze the impact of changes in economic conditions on asset prices.

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Definitions:

Fraction

A mathematical expression representing the division of one quantity by another, noted by a numerator divided by a denominator.

Marginal Revenue Product

The additional revenue generated by employing one more unit of a resource or input.

Marginal Cost

The additional cost of producing one more unit of a good or service.

Competitive Labor Market

A market where numerous employers are actively seeking to hire and numerous individuals are seeking employment, with wages determined by the supply and demand for labor.