Which Is the Least Accurate Statement About Today's Workplace

question 49

Multiple Choice

Which is the least accurate statement about today's workplace?

• A) Improving productivity and profitability will be everyone's job, not just management's.
• B) Because of today's innovative communication technologies, you can expect to be communicating more often and more rapidly than ever before.
• C) Communication skills are less important for those participating on virtual teams or telecommuting from home.
• D) Corporate America is increasingly aware that information and knowledge are the keys to better products and increased profitability.

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Definitions:

Equilibrium

An economic situation in which no individual would be better off doing something different.

Perfectly Inelastic

A situation where the demand or supply for a good is completely unresponsive to changes in price.

Deadweight Loss

A loss of economic efficiency that can occur when the optimal allocation of resources is not achieved, often due to market failures or government interventions.

Equilibrium Quantity

The quantity of goods or services that is supplied and demanded at the equilibrium price.