Efficiency Results In

question 8

Multiple Choice

Efficiency results in:

• A) consumers paying the cost of production
• B) firms producing goods at the lowest cost
• C) zero economic profits
• D) all of the other answers

Recognize the role and impact of personal communication and organizational grapevine on business operations and employee productivity.

Learn the characteristics and functions of formal and informal communication networks within organizations.

Identify and differentiate between well-defined and ill-defined problems in business communication.

Understand the communication process, including the initiation and reception of messages, and the factors influencing effective communication.

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Definitions:

Instructions

Directions or commands that are given to a computer or program to perform specific operations or tasks.

Hardware

The physical components or parts of a computer system, such as the CPU, RAM, hard drives, and peripherals.

Data Management

The practice of collecting, keeping, and using data securely, efficiently, and cost-effectively through a set of disciplines and techniques.

Retrieve

To locate and bring back data or information from a storage location or database.