One Way Digital Technology Transformed American Business Practices Was by

question 41

Multiple Choice

One way digital technology transformed American business practices was by

• A) encouraging corporate malfeasance at corporations like Enron.
• B) forcing employees to spend more hours at the office to access computers.
• C) increasing employers' reliance on immigrant workers.
• D) enabling large firms to control operations around the world.

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Definitions:

Marginal Revenue Product

The additional revenue generated from employing one more unit of a factor of production, like labor or capital.

Marginal Cost

The cost implicated in the production of one more unit of a good or service.

Perfectly Competitive

A market structure characterized by many small firms, a homogeneous product, no barriers to entry or exit, and where no single firm can influence the market price.

Profit-maximizing

The process of making business decisions that aim to increase the difference between total revenues and total costs to the highest possible level.