Lucia Is a Manager Who Regularly Communicates Company News with Her

question 82

Multiple Choice

Lucia is a manager who regularly communicates company news with her employees via email. This is an example of a(n) ______ communication channel.

• A) formal
• B) informal
• C) nonverbal
• D) oral

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Definitions:

Deadweight Loss

The decrease in economic productivity that happens when a good or service does not reach, or cannot reach, its equilibrium point.

Consumer Surplus

The difference between the maximum amount consumers are willing to pay for a good or service and the actual amount they do pay.

Tax Revenue

The wealth accumulated by governments through the process of taxation.

Consumer Surplus

Consumer surplus is the difference between the total amount consumers are willing and able to pay for a good or service and the total amount they actually pay.