E-Mail Has Revolutionized Business Communication, but Is Not Appropriate for Every

question 15

Essay

E-mail has revolutionized business communication, but is not appropriate for every type communication situation. List and describe four situations where e-mail is not the preferable form of communication.

---

Definitions:

Cardinal Utility Function

Utility function describing by how much one market basket is preferred to another.

Ordinal Utility Function

Utility function that generates a ranking of market baskets in order of most to least preferred.

Budget Line

A graphical representation of all possible combinations of two goods that can be purchased with a given budget and prices.

Slope

The rate at which a line or curve inclines or declines, indicating the steepness.