Case-Based Critical Thinking Questions Case 7-1 Sonia and Sam Are

question 7

Multiple Choice

Case-Based Critical Thinking Questions Case 7-1 Sonia and Sam are colleagues who are working together to produce a fundraising letter for a non-profit organization. They have each made changes to the first draft of the letter, and they need to produce one final version that incorporates both sets of changes. After Sam and Sonia have combined their versions of the first draft to produce a second draft, their boss gives them a document containing his changes to the first draft. How (if at all) can they use Word to incorporate his changes?

• A) They can go back to their own versions of the first draft, and they can use Word to combine all three versions at once and thereby produce a new second draft.
• B) They can go back to their own versions of the first draft, and they can use Word to select the two versions that are closest to each other and to combine them into a new second draft.
• C) They can use Word to combine their boss's version of the first draft with the second draft that they have already produced.
• D) They cannot use Word to do this. They will need to manually incorporate their boss's changes into the second draft that they have already produced.

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Definitions:

Upsloping Curve

A graphical representation showing a positive relationship between two variables, where an increase in one variable results in an increase in the other.

Average Revenue

Total revenue from the sale of a product divided by the quantity of the product sold (demanded); equal to the price at which the product is sold when all units of the product are sold at the same price.

Elasticity Coefficient

A numerical value that measures the responsiveness of the quantity demanded or supplied of a good to a change in its price or other factors.

Marginal Revenue

The additional income that is generated by selling one more unit of a product or service.