Output

question 37

Multiple Choice

Output

• A) is feedback that has been processed to create meaningful information.
• B) is information that is returned to appropriate members of the organization to help them evaluate the input stage.
• C) transfers data to the people who will use it or to the activities for which it will be used.
• D) transfers processed information to the people who will use it or to the activities for which it will be used.

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Definitions:

Perfect Price Discrimination

Perfect price discrimination occurs when a seller charges each buyer their maximum willingness to pay, capturing the entire consumer surplus as profit.

Marginal Revenue

The enhanced income from disposing of one more unit of a product or service.

Perfect Price Discrimination

The practice of charging each customer the maximum they would be willing to pay for a good or service, capturing all consumer surplus.

Willingness To Pay

The maximum amount an individual is prepared to spend on a good or service, reflecting the value they assign to it.