A Live,real-Time Support Feature That Solves Problems or Answers Questions

question 13

Multiple Choice

A live,real-time support feature that solves problems or answers questions respondents may encounter in completing the questionnaire is called a(n) :

• A)search engine
• B)interactive help desk
• C)interactive tabulation
• D)intervention

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Definitions:

Long Run

A period in which all factors of production and costs are variable, allowing for adjustment to changes in the market or economy.

Economic Profit

A calculation of profitability that takes into account both the direct costs and opportunity costs of pursuing a particular course of action.

Economies Of Scale

The situation when a firm’s average total cost of producing a product decreases in the long run as the firm increases the size of its plant (and, hence, its output).

Excess Production

The situation where more units of a product are produced than are demanded, often resulting in surplus inventory.