Which of the Following Media of Communication Has the Highest

question 88

Multiple Choice

Which of the following media of communication has the highest information richness?

• A) E-mail
• B) Texting
• C) Face-to-face communication
• D) Telephone conversation
• E) Voice mail systems

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Definitions:

Nonlabor Resources

are inputs in the production process that are not related to work or effort by employees, such as capital, land, and materials.

Diminishing

Refers to the principle where increasing one input, while holding others constant, will eventually yield lower per-unit returns.

Long Run

In economics, a period in which all factors of production and costs are variable, and firms can enter or exit the market.

Resources Fixed

A situation in an economic model where the availability of resources is constant and unchanging over time.