New Bedford College Keeps All of Its Records on Computers

question 26

Multiple Choice

New Bedford College keeps all of its records on computers.When a student registers for a class, the computer is checked to make sure that the student has all of the prerequisites for the class.Last fall, the computer went down during the first day of registration.The registrar's office had to make a _____ decision in which it was decided that the registration period would be extended to an unprecedented five days even though this would mean that classes would have to start later, and there would be fewer class meetings.

• A)cultural
• B)programmed
• C)supervisory
• D)precedented
• E)nonprogrammed

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Definitions:

Elastic

A characteristic of goods or services with demand sensitive to changes in price, wherein a small change in price leads to a significant change in the quantity demanded or supplied.

Complementary Products

Goods or services that are used together, enhancing the value of each other when consumed or utilized in combination.

Price Inelastic

A situation in which the demand for a product does not change significantly in response to a change in its price.

Quantity Demanded

The total amount of a product that consumers are willing and able to purchase at a specific price in a given time period.