Critical Thinking Questions Case 3-2 Your Colleague Simone Has Been

question 1

Multiple Choice

Critical Thinking Questions Case 3-2 Your colleague Simone has been using Business Card view because she was not aware that she could change the default view, but now she turns to you for help. Simone has decided that for one of her upcoming projects she wants to reach out to her clients. To do so it will be easiest if her contacts are arranged according to their businesses. Which of the following do you recommend to her?

• A) Micro view
• B) List view
• C) Card view
• D) Phone view

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Definitions:

Supply Curve

A graphical representation used in economics to show the relationship between the price of a good or service and the quantity of it that producers are willing to supply.

Government's Revenue

The money received by a government from taxes and non-tax sources to enable it to undertake government expenditures.

Efficiency Loss

Refers to the loss of economic efficiency when the optimal allocation of resources is not achieved, often due to market failures or distortions.

Demand Curve

A chart that displays how the cost of a product affects the amount consumers want to buy, usually showing a decline from left to right.