Which of the Following Is an Activity That Would Be

question 49

Multiple Choice

Which of the following is an activity that would be performed by a customer service representative (CSR) ?

• A)processing employee paperwork
• B)delivering supplies to the factory floor
• C)providing telephone support for installation
• D)calling prospects to sell them the product
• E)reconciling bank statements with accounting records

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Definitions:

External Benefits

refer to positive effects of a transaction or activity on third parties who are not directly involved in the transaction.

Economic Efficiency

A situation in which resources are optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency.

Market

A system or an environment where buyers and sellers interact to trade goods, services, or financial instruments.

Free-rider Problem

A situation where individuals consume goods or services without paying for them, which typically occurs with non-excludable and non-rival public goods.