The Use of Information Technology (E

question 15

Multiple Choice

The use of information technology (e.g., email) has increased in recent years in many organizations. This has helped to

• A) increase social capital.
• B) make more effective use of time in every situation.
• C) restrict social network growth.
• D) create smaller social networks.

---

Definitions:

Marginal Utility

The extra pleasure or benefit gained by a consumer from consuming one more unit of a product or service.

Utility Maximizing Rule

A principle in economics stating that to maximize satisfaction or utility, consumers allocate their expenditures so that the last unit of currency spent on each product provides the same level of marginal utility.

Budget Constraint

The limitation on the purchasing ability of a consumer based on available income and prices.

Marginal Utilities

The extra pleasure or benefit derived from consuming one more unit of a product or service.