Jamie Mueller Has Just Begun Working for Quotech, Inc

question 152

Multiple Choice

Jamie Mueller has just begun working for Quotech, Inc. Her job requires her to perform a variety of bookkeeping and clerical tasks at a workstation. Quotech has training software on its workstations that can answer many of the questions Jamie has about what to do on her new job, and how to do it. The software is so good that she seldom has to ask her supervisor for help. It even tracks the way Jamie performs certain tasks, and offers suggestions to improve her productivity. This software is an example of:

• A) the use of a technique called computer aided production (CAP) that is becoming increasingly important in high-tech industries.
• B) the trend toward telecommuting.
• C) the way businesses are using knowledge technology to move relevant information to the people who need it.
• D) why mainframe computer systems are more efficient than network computer systems.

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Definitions:

Consumer Price Index

An evaluative measure that calculates the weighted mean cost of a range of consumer services and goods, from food to medical care and transportation.

Purchasing Power

The real value of money, reflecting the quantity of goods or services that one unit of money can buy, inversely related to the level of prices in the economy.

Producer Price Index

An economic measure reflecting the average rate of change in the prices at which domestic producers sell their goods over time.

Consumer Price Index

A tool that analyzes the weighted mean prices for an assortment of consumer necessities, such as healthcare, transportation, and food items.