Which of the Following Is TRUE

question 13

Multiple Choice

Which of the following is TRUE?

• A) Computerization reduces our level of isolation.
• B) IT increases the number of middle managers.
• C) Managers have more time to make decisions.
• D) Remote supervision will probably become a norm.

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Definitions:

Utility

A measure of satisfaction or happiness that a consumer derives from consuming goods and services.

Income-Consumption Curve

Curve tracing the utility-maximizing combinations of two goods as a consumer’s income changes.

Utility-Maximizing

A principle or strategy of consumers making choices to achieve the highest overall level of satisfaction or utility from their available resources.

Inferior Good

An inferior good is a type of good for which demand decreases as the income of the individual increases, in contrast to a normal good.