The Reason the Marginal Benefit of Information Curve Is Downward

question 37

Multiple Choice

The reason the marginal benefit of information curve is downward sloping is because

• A)some information is useless.
• B)most information is useless.
• C)information is subject to the law of diminishing marginal returns.
• D)there is only so much to learn about a product.

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Definitions:

Survey Feedback

A method of collecting data from respondents to gather information and opinions, which is then used for analysis or improvement purposes.

Managers

Individuals responsible for directing and overseeing the work of a group or organization, often making strategic decisions and managing resources.

Team Building

Activities and exercises designed to improve interpersonal relations, foster teamwork, and enhance the performance and cohesion of a group.

Confidential Interviews

Private meetings in which sensitive or personal information is discussed, with an assurance that the details will not be disclosed to unauthorized individuals.