The Use of Sophisticated Information Sharing Platforms Has Increased in Recent

question 40

Multiple Choice

The use of sophisticated information sharing platforms has increased in recent years in many organizations.This has helped to

• A) facilitate internal and external collaboration.
• B) keep employees satisfied with social networks.
• C) override the need for email.
• D) increase paperwork.

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Definitions:

Welfare Loss

Economic inefficiency resulting from a deviation from an optimal allocation of goods and services, often due to externalities or market power.

Net Social Gain

The overall benefit to society from an economic transaction, after subtracting costs.

Barriers To Entry

Factors that make it difficult for new competitors to enter a market.

Net Social Cost

The total monetary cost of the negative externalities produced by an activity or production, minus any benefits.