Which of the Following Is True About Virtual Organizations

question 43

Multiple Choice

Which of the following is true about virtual organizations?

• A)They need central offices for participants to contribute their expertise.
• B)They are networks of dependent companies and manufacturers connected via information technologies.
• C)They let independent customers share skills and have access to each other's markets via information technologies.
• D)They need organizational hierarchy for participants to contribute their expertise.

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Definitions:

Excise Tax

A tax imposed on specific goods, services, or activities, usually to discourage their use or to raise revenue.

Elasticities

Measurements of how changing one economic variable affects others, such as how quantity demanded will change as a result of price changes.

Subsidy Benefit

Government-provided support to aid businesses, individuals, or sectors of the economy through financial help.

Elasticities

Measures in economics that demonstrate how the quantity demanded or supplied of a good responds to changes in price or other factors.