Cost Reduction and Avoidance,error Reduction,and Increased Flexibility Are Examples Of

question 101

Multiple Choice

Cost reduction and avoidance,error reduction,and increased flexibility are examples of:

• A)intangible benefits
• B)qualitative benefits
• C)tangible benefits
• D)legal and contractual benefits

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Definitions:

Market Pricing

An economic principle that describes how prices are determined in a market-based on supply and demand.

Collectivistic Culture

A culture in which the emphasis is on interdependence, cooperation, and the welfare of the group over that of the individual.

Individualistic Culture

A culture in which the emphasis is on individual initiative, achievement, and creativity over maintenance of social cohesion.

Social Role

A set of expectations, norms, and behaviors that a society attaches to a particular status or position within a social structure.