Basic Rules for the Appropriate Use of Mobile Communication Devices

question 22

Multiple Choice

Basic rules for the appropriate use of mobile communication devices during business include:

• A) Leaving the devices in your pocket during a meeting to lower the volume of the alert tone
• B) Turning off your communication device when you are attending a meeting
• C) Answering your device quickly and quietly if it alerts during a meeting and letting the caller know you cannot talk
• D) All of the above

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Definitions:

Average Variable Cost

The average amount of variable cost per unit, calculated by dividing total variable costs by the quantity of output.

Profit-Maximizing

The approach taken by an enterprise to ascertain the optimal price and output quantity for the highest profit.

MR = MC

A principle in economics stating that profit maximization occurs when marginal revenue equals marginal cost.

Perfectly Competitive Market

An economic theory describing a market where no individual buyers or sellers have the power to influence the price of a product, and where the products offered are homogenous, with no barriers to entry or exit for businesses.