The EBay Website Uses Technology and the Internet for Its

question 1

Multiple Choice

The eBay website uses technology and the Internet for its virtual marketplace, employs personnel to maintain the technology, provides office space for employees, and has a founder who quit a lucrative career in another industry. Which factor of production are computers used to access the Internet?

• A) entrepreneurship
• B) human capital
• C) natural resources
• D) physical capital

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Definitions:

Interquartile Range

The difference between the 25th and 75th percentiles of a dataset, representing the middle fifty percent of the data.

Data

Information collected for reference or analysis, often numerical in nature, used to calculate or demonstrate patterns.

Squared Deviation

The square of the difference between an observed value and the mean, used in statistical analysis to measure variance.

Mean

The arithmetic average of a set of values, calculated by summing all the values and then dividing by the number of values.