Virtual Corporations Are

question 33

Multiple Choice

Virtual corporations are:

• A) Based on the divisionalised form of organisational structure
• B) Permanent businesses that rely mainly on the internet to establish their marketing
• C) Do not need to follow government laws when hiring and laying off employees
• D) None of the options listed here is correct

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Definitions:

Budget Constraint

The limits imposed on household or individual choices by income, wealth, and product prices, dictating the combination of goods and services that can be purchased.

Price

The cost associated with acquiring a good, service, or asset.

Income Decreases

A situation where an individual's or household's earnings fall over a period, affecting their purchasing power and standard of living.

Choice Set

The collection of options or alternatives from which a decision-maker is able to choose in a decision-making process.