Tom Evslin Knew That Using the Internet to Make Telephone

question 106

Multiple Choice

Tom Evslin knew that using the Internet to make telephone calls was a good idea,but the static you get when you try to talk with a computer and a microphone to someone else with a computer and a microphone is unacceptable.He started a new company to make it possible to use the Internet to make clear telephone calls.He is very excited about his new company's possibility and claims,"I have just barely opened the door for this new technology.We're going to be more successful than AT&T." Which of the following terms best describes Evslin?

• A)An internal locus of control
• B)Positive affectivity
• C)Machiavellian
• D)Authoritarian
• E)Negative affectivity

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Definitions:

Marginal Revenue

Revenue gained by selling an additional unit, illustrating the increase in total revenue due to one more unit of output sold.

Innovation

The process of creating new products, services, or methods that improve efficiency or effectiveness.

Economic Profit

The difference between total revenue and total costs, including both explicit and implicit costs, indicating the overall profitability of a business venture.

Profit-Maximizing

A strategy or goal of a firm to achieve the highest possible profit from its operations.