The Ability to Effectively and Efficiently Access and Use Information

question 66

Multiple Choice

The ability to effectively and efficiently access and use information is

• A)vitally important at the point where a domestic firm enters the global market.
• B)an important source of competitive advantage in virtually all industries.
• C)the minimum required for survival in virtually any industry.
• D)critically important mainly in high technology industries.

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Definitions:

Emotional Contagion

A dynamic process through which the emotions of one person are transferred to another, either consciously or unconsciously, through nonverbal channels.

Cognition

Refers to the mental processes involved in gaining knowledge and comprehension, including thinking, knowing, remembering, judging, and problem-solving.

Attitude

A psychological construct representing an individual's degree of like or dislike, favorability or unfavourability, towards an object, person, thing, or event.

Cognitive Dissonance

A theory which suggests that people experience psychological discomfort or stress when they hold two or more contradictory beliefs, ideas, or values at the same time.