The Key Development That Allowed for the Transition to the Digital

question 47

Multiple Choice

The key development that allowed for the transition to the digital age was .

• A) the ability to translate images, text, and sounds into binary code
• B) the telegraph
• C) the ability to broadcast voices, music, and other sounds via the radio
• D) television
• E) None of the above options is correct.

Grasp the impact of social facilitation theory on individual performance in a team context.

Identify the benefits and potential downsides of self-managing teams.

Recognize the criteria for group effectiveness and the concept of synergy.

Understand the causes and effects of social loafing in team settings.

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Definitions:

Fixed Exchange Rate

A currency system in which the value of a country's currency is tied to the value of another single currency, a basket of other currencies, or another measure of value, such as gold.

Trade Barriers

Trade Barriers are government-imposed restrictions on the free exchange of goods and services between countries, including tariffs, quotas, and subsidies.

Free Trade

An economic policy of not discriminating against imports from and exports to foreign jurisdictions, allowing goods to move freely across borders.

Floating Exchange Rate

A currency valuation system that allows the value of the currency to fluctuate according to the foreign exchange market.