A Fall in Consumer Demand for an Organisation's Products Due

question 23

Multiple Choice

A fall in consumer demand for an organisation's products due to people spending less that causes the business to make less profit is an example of an external risk related to:

• A) information technology.
• B) pandemic.
• C) Mother Nature.
• D) the government.
• E) the economy.

Analyze judicial tests applied to determine privacy invasion in employment contexts.

Recognize the implications of technological advancements, like telematics, on employee privacy.

Distinguish between the privacy protections offered to individuals by the U.S. Constitution and federal laws.

Understand the balance between employer’s right to monitor for business purposes and employee’s privacy rights.

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Definitions:

Profit-Maximizing Monopoly

A market situation where a single firm controls the entire market for a product or service, setting the price at a level that maximizes its profits.

Output Per Week

The total product or service quantity produced by a company or economy in a week.

Monopoly Equilibrium

The state in which a monopolistic company determines its price and output level where its marginal cost equals its marginal revenue.

Competitive Equilibrium

A state in a market where supply equals demand, resulting in an equilibrium price and quantity that clears the market.