PricelineCom Is a Company and a Commercial Website That Helps

question 40

Multiple Choice

Priceline.com is a company and a commercial website that helps users obtain discount rates for travel-related purchases such as airline tickets and hotel stays. The company facilitates the provision of travel services by its suppliers to its customers. People can directly access a complete array of schedules and fares. This process has, to a great extent, eliminated the travel agency as a middle man. This is an example of:

• A) disbarment.
• B) repudiation.
• C) annulment.
• D) disintermediation.
• E) revocation.

Acknowledge the relationship between specific personality traits and organizational commitment and financial performance.

Recognize how personality assessments can predict employee behavior and job performance.

Understand how governments can regulate negative externalities through direct controls.

Identify the resource allocation problems created by negative and positive externalities.

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Definitions:

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or choosing an option.

Produce Watches

the process or industry involved in manufacturing timepieces, requiring precision engineering and design-based skills.

Produce Cheese

The process of converting milk into cheese through various techniques that involve coagulation, curdling, and fermentation.

Trading Partners

Countries or entities that engage in the exchange of goods, services, or information.