Modern Work Technology in Organizations Has Allowed Companies to Save

question 23

Multiple Choice

Modern work technology in organizations has allowed companies to save labour costs due to:

• A)antivirus software
• B)automation
• C)conference calls
• D)intranet capabilities

Distinguish between exploratory analysis, benchmarking, and data mining.

Define and identify explanatory and response variables in a study.

Recognize the importance of variable types and how they relate to each other.

Interpret the impact of outliers and the concept of skewness in data.

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Definitions:

Minimum Efficient Scale

The smallest amount of production a company can achieve while still taking full advantage of economies of scale regarding costs per unit of output.

Diseconomies of Scale

The condition when a company grows so large that the costs per unit increase, causing a decrease in efficiency.

Coordinating

The organization and alignment of activities, processes, or efforts to ensure efficient and effective achievement of goals or outcomes.

Managing

The process of planning, organizing, leading, and controlling resources to achieve specific goals.