Which Is the Least Accurate Statement About Today's Digital-Age Corporations

question 112

Multiple Choice

Which is the least accurate statement about today's digital-age corporations? 

• A)The lines of authority are blurry in today's information-age workplaces, and the roles of executives are changing.
• B)Rank-and-file employees don't need their managers to be information providers.
• C)You may still want to be indirect if you hope to persuade your boss to do something he or she will be reluctant to do.
• D)Today's executives will likely rely on the power of position when issuing commands to subordinates.

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Definitions:

Economic Profit

The contrast between a company's overall receipts and its full charges, considering both palpable and inferred costs.

Long Run

A time period in economics during which all factors of production and costs are variable, allowing for all adjustments to be made to achieve an equilibrium.

Competitive Increasing-cost Industry

An industry in which the entry of new firms causes the input prices to increase, leading to upward-sloping supply curves for the firms.

Long-run Equilibrium

A state in economics where all factors of production are fully adjusted to the market condition and all economic agents have no incentive to change their behavior.