When Mark's Assignment Changes, and He Needs to Develop a Solution

question 36

Multiple Choice

When Mark's assignment changes, and he needs to develop a solution for use by the finance office at the university, he is told that he will need to allow vendors to submit their bills online and to check to see if the university has paid their bills. Which of the following technologies is the best choice for him?

• A) intranet
• B) extranet
• C) Internet
• D) vendornet

---

Definitions:

Marginal Revenue

Marginal revenue is the additional income received from selling one more unit of a good or service; it's crucial for determining the optimal level of production.

Demand Schedule

A demand schedule represents a table that shows the quantity of a good or service that consumers are willing and able to purchase at various prices.

Maximum Profit

The highest possible financial gain that a business can achieve from its operations, given the current conditions.

Constant Marginal

A condition where the marginal gain or cost of producing an additional unit remains the same, regardless of the level of production.