E-Commerce and an Internet Presence Are Important to Many Firms,requiring

question 71

Multiple Choice

E-commerce and an internet presence are important to many firms,requiring employees with specialized skills that are in short supply.The invisible hand solves the employment problem by:

• A)encouraging the government to set up new training programs.
• B)giving selfish workers the incentive to acquire the skills in order to receive high wages.
• C)allowing the few employees with the skills to exploit the firms.
• D)moving slowly until the e-commerce craze ends.

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Definitions:

Beta Coefficients

A measure in regression analysis that indicates the change in the dependent variable expected for a one-unit change in the independent variable.

Categorical Variable

A variable that can take on one of a limited, and usually fixed, number of possible values, assigning each individual or other unit of observation to a particular group or nominal category.

Coding

The process of transforming computer algorithms into a sequence of instructions that can be executed by a computer.

Multiple Linear Regression

A statistical method that employs multiple explanatory variables to forecast the result of a dependent variable.