Kathy Has Access to the Internet and Is Able to Search

question 24

Multiple Choice

Kathy has access to the Internet and is able to search and compare the price and quality of the products she wants to purchase. However, Martin does not have access to the Internet and stays in a remote town where he is not able to get such details regarding the product or service he wants to purchase. Such a decision situation where Kathy has more or better knowledge about products or services than Martin is known as _____.

• A) strategic superiority
• B) positional awareness
• C) data redundancy
• D) operational precedence
• E) information asymmetry

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Definitions:

Roommate

A person with whom one shares a living facility such as a room or apartment but is not related or is not in a romantic relationship.

Marriage

A legally or socially recognized union between two people, typically signifying a committed partnership and often granting mutual rights and responsibilities.

Saber-toothed Cat

An extinct group of predatory mammals known for their long, curved, saber-shaped canine teeth, prevalent during the Pleistocene epoch.

Gym Membership

A subscription-based service granting access to a facility with exercise equipment and sometimes classes for physical fitness.