Breakdowns,overloads,static on the Line,and Ill-Trained Operators Are

question 94

Multiple Choice

Breakdowns,overloads,static on the line,and ill-trained operators are:

• A)decoding signals.
• B)encoding messages.
• C)feedback to communication.
• D)barriers to organizational communication.

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Definitions:

Consumer Surplus

The contrast between the total price consumers are prepared to pay for a good or service and what they end up paying in reality.

Consumer Surplus

The contrast between the total sum consumers are ready and financially equipped to spend on a good or service, and the sum they actually spend.

Producer Surplus

The divergence between the price at which sellers are ready to offer a good or service and the price they actually obtain.

Economic Efficiency

A state in which resources are allocated in a way that maximizes the total benefit received by society from those resources.