Before You Can Roll Out the New Database System You

question 80

Multiple Choice

Before you can roll out the new database system you have designed, you need employees in departments across the company to volunteer to test it. You are drafting an email that will be sent to all employees to persuade them to help with this testing.
-You mention that those who complete five hours of testing will earn an Amazon.com gift certificate. This is an example of ________ benefit.

• A)an internal
• B)an external
• C)a requester
• D)an unexpected
• E)an unethical

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Definitions:

Consumer Surplus

The differential between the overall amount consumers are willing and financially prepared to spend on a good or service, and what they end up spending.

Producer Surplus

The difference between what producers are willing to accept for a good versus what they actually receive, essentially the extra benefit to producers from selling at the market price.

Deadweight Loss

A loss of economic efficiency that occurs when the equilibrium for a good or a service is not achieved or is unobtainable.

Producer Surplus

The difference between the amount that producers are willing to accept for a good or service and the actual amount they receive.