Critical Thinking Questions Case 3-2

question 91

Multiple Choice

Critical Thinking Questions Case 3-2
With the new fiscal year, budget money has become available for software applications. The technology committee at the school has asked for your advice on purchasing software.
Which of the following types of software could a teacher use to keep a record of student grades?

• A) publishing
• B) spreadsheet
• C) speech synthesis
• D) reference

Recognize the mechanisms of price and nonprice rationing in allocating scarce resources.

Identify the implications of tariffs and international trade policies on domestic markets.

Analyze the impact of government interventions in markets including taxation and tariffs.

Compare and contrast different types of rationing mechanisms beyond price such as queuing and ration coupons.

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Definitions:

Piece Rate Pay Systems

A compensation method where workers are paid a fixed sum for each unit of production completed, incentivizing higher productivity.

External Control

Regulatory or supervisory mechanisms imposed by external entities to govern the operations and behaviors of organizations.

Deferred

Postponed or delayed to a later time.

Profit-Sharing Plan

A company program that gives employees a share in the profits of the company, often based on the company's yearly earnings.