As a Result of People Editing, Cutting and Pasting, and Making

question 18

Multiple Choice

As a result of people editing, cutting and pasting, and making copies of electronic documents, ________.

• A)more than 75 percent of U.S. corporations have solid retention policies in place
• B)organizations find it difficult to manage the retention process
• C)companies no longer find it necessary to invest in e-discovery
• D)organizations seldom review the existing business processes and organizational policies

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Definitions:

Opportunity Cost

The cost of foregone alternatives; the value of the best alternative given up when a decision is made to choose one option over another.

Production Possibilities Frontier

A curve depicting all maximum output possibilities for two goods, given a set of inputs, representing the trade-off between different choices in the allocation of resources.

Opportunity Cost

Giving up possible gains from several options by choosing a particular one.

Bowed Outward

A description of the shape of a curve on a graph, such as the production possibilities frontier, indicating increasing opportunity costs.