Modern Information Systems _____ an Organization's Need for Hierarchy and _____

question 99

Multiple Choice

Modern information systems _____ an organization's need for hierarchy and _____ its efficiency.

• A)decrease; decrease
• B)decrease; increase
• C)increase; increase
• D)increase; decrease
• E)increase; do not affect

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Definitions:

Short Run

The length of time it takes all fixed costs to become variable costs.

Long Run

The long run is a period in economics wherein all inputs can be adjusted, and there are no fixed costs, allowing full operational flexibility.

Price Discrimination

A pricing strategy where identical or substantially similar goods or services are sold at different prices by the same provider.

Good Or Service

Any tangible product (good) or intangible offering (service) that can be sold or provided in a market to satisfy the demand of a customer.