Sam's Club Has Developed a Website That Allows Employees to Create

question 97

Multiple Choice

Sam's Club has developed a website that allows employees to create a profile and connect with co-workers for the purpose of getting acquainted and building a work-related network. This is an example of a(n) :

• A) virtual reality.
• B) podcast.
• C) recruiting tool.
• D) social network.
• E) employment opportunity.

---

Definitions:

Economic Profit

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

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or choice.

Monetary Payments

Transactions involving the transfer of money in exchange for goods or services.

Price-Taker Market

A competitive market situation where individual sellers or buyers have no influence over the market price of a product.