DrGarcia Is a Business Professor at a Large State College

question 21

Multiple Choice

Dr.Garcia is a business professor at a large state college.At the start of each workday,he opens a Web browser on his office computer and accesses the university's Web site.From there,he logs into his institution's "MyCollege" portal with his username and password.From the portal he can access his email,Web pages for each of his courses,and confidential information about the students he advises.Most likely,Dr.Garcia is using what kind of network when using the portal?

• A)Extranet
• B)Intranet
• C)Socialnet
• D)Virtual Private Network (VPN

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Definitions:

Specialization

The process of focusing on and becoming expert in a particular area of production or knowledge to increase efficiency.

Falling Costs

A situation where the expenses associated with producing a good or service decrease, often leading to lower prices for consumers.

Economies of Scale

The cost advantage that arises with increased output of a product, where average costs start to fall as production scales up.

Marginal Returns

denotes the additional output obtained by adding one more unit of a specific input, while keeping other inputs constant.