Which of the Following Statements About Texting in the Workplace

question 96

Multiple Choice

Which of the following statements about texting in the workplace is most accurate?

• A) All companies allow employees to use texting to communicate with coworkers and customers.
• B) Texting enables two or more individuals to use the Internet or an intranet to "chat" in real time by exchanging brief messages.
• C) Texting is a relatively high-cost substitute for voice calls.
• D) Text messaging is replacing e-mail for short internal communication.

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Definitions:

Kinked-Demand Curve Model

An economic theory suggesting that prices become rigid or sticky due to competing firms' responses to price changes.

Collusion

A secret agreement between firms in a market to fix prices, limit production, or divide markets, in order to reduce competition and increase profits.

Marginal Cost

The additional cost incurred for the production of one more unit of a good or service, an essential concept for making efficient production decisions.

Oligopoly

A market structure characterized by a small number of firms controlling a large market share, resulting in limited competition.