Which of the Following Statements Is Not True About Information

question 55

Multiple Choice

Which of the following statements is not true about information technology's impacts on business firms?

• A) It helps firms expand in size.
• B) It helps firms lower the cost of market participation.
• C) It helps reduce internal management costs.
• D) It helps reduce transaction costs.

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Definitions:

Industry level agreements

Collective bargaining agreements negotiated at the industry or sector level, affecting all workers and employers within that industry.

Employer association

An organization of employers united to promote their collective business interests and negotiate with unions.

Industry-wide bargaining

Collective bargaining negotiations that occur at the industry level, covering all employers and employees within that industry.

Germany

A country in Central Europe known for its rich history, cultural heritage, and significant economic power.