All of the Following Statements About Social Networking Are Accurate

question 19

Multiple Choice

All of the following statements about social networking are accurate except

• A)the majority of Fortune 500 companies now use social networking.
• B)only teenagers use social networking sites to communicate with others.
• C)social networking sites are used by some companies to recruit potential employees.
• D)many businesses have found that the Facebook model can be adapted to their own internal networks.

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Definitions:

Payoff Matrix

A table that shows the potential outcomes of different strategies in a competitive situation, typically used in game theory.

Strategic Choice

The decision-making process in the context of strategic management, where leaders select the best course of action to achieve organizational goals.

Payoff

In game theory, the reward received by a player (for example, the profit earned by an oligopolist).

Dominant Strategy

A dominant strategy is the best course of action for a player in a game, regardless of what the other players do, always resulting in a better outcome for the player.