The Element of the Communications Process That Closes the Loop

question 41

Multiple Choice

The element of the communications process that closes the loop in the communications flow and allows the sender to monitor how a message is being received and interpreted is:

• A)encoding
• B)decoding
• C)feedback
• D)reception
• E)response

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Definitions:

Price Elasticity

The degree to which the quantity demanded of a product changes in response to a change in its price.

Production Process

The series of steps and operations involved in the creation of a product from raw materials to the finished goods.

Quantity Supplied

The amount of a good or service that producers are willing and able to sell at a given price over a specified period.

Short-Run Supply

The supply of goods or services that can be adjusted in a relatively short period to meet changes in demand.