An Advantage of a Virtual Office Is That It

question 23

Multiple Choice

An advantage of a virtual office is that it

• A)helps reduce the chance for uncomfortable face-to-face interactions by allowing employees to remain compartmentalized in their own spaces.
• B)gives employees access to whatever information they need from the company, whenever and wherever they need it.
• C)makes it easier for companies to keep track of employees throughout the workday.
• D)allows employees to e-mail one another at all hours of the day or night, thus increasing productivity.
• E)reduces the need for direct supervision at the office, especially when employees are inexperienced and need guidance.

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Definitions:

Opportunity Costs

The cost of forgoing the next best alternative when making a decision or choosing between options.

Diminishing Marginal Utility

The principle that as a consumer consumes more of a good or service, the additional satisfaction gained from each additional unit decreases.

Command Systems

Economic systems where the government or a central authority makes all decisions about what goods and services are produced, how they are produced, and who gets them.

Pure Capitalism

An economic system characterized by private property rights and the market allocating resources with little government intervention.