Why Do Managers Increasingly Depend on Technology to Help Carry

question 69

Multiple Choice

Why do managers increasingly depend on technology to help carry out their responsibilities?

• A)Organizations operate in increasingly complex environments
• B)Organizations operate in increasingly fast changing environments
• C)Organizations operate in increasingly complex and fast changing environments
• D)Organizations need to give the appearance of being technologically advanced

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Definitions:

Decreasing-Cost Industry

An industry where average costs decrease as the industry's output increases, often due to economies of scale.

Productive Efficiency

A situation when an economy or entity is operating at its maximum capacity, utilizing resources effectively to produce goods and services at the lowest possible cost.

Productive Efficiency

A situation where an economy or entity cannot produce more of one good without affecting the production of another good, utilizing all resources optimally.

Purely Competitive

A market structure characterized by a large number of sellers offering identical products, where no single seller can influence the market price.