After Spending $5 Million Developing a New MP3 Player,you Discover

question 46

Multiple Choice

After spending $5 million developing a new MP3 player,you discover that a competitor is about to introduce a new model similar to yours at a lower per unit price.The $5 million development cost:

• A)should be factored into your decision on whether or not to introduce your new MP3 player.
• B)should be ignored in your decision on whether or not to introduce your new MP3 player.
• C)should not be included while determining the opportunity cost of this investment.
• D)should be considered as fixed cost for the firm.

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Definitions:

Netiquette

Guidelines and best practices for respectful and effective communication on the Internet.

Digital Footprint

The record or trail left by the activities a person undertakes online, including websites visited and emails sent.

Current Law

The body of existing statutes, regulations, and case law as recognized by a legal jurisdiction at the current time.

Digital Detox

The practice of reducing or eliminating the use of digital devices temporarily to decrease stress and improve quality of life.