Technology Has Facilitated the Following Key Developments in Organizations Except

question 34

Multiple Choice

Technology has facilitated the following key developments in organizations except:

• A)flexibility in work design.
• B)more effective knowledge management.
• C)reduction in need for concrete policies and procedures.
• D)large amounts of data can be processed for managers.
• E)innovation in operations resulting in cost reduction.

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Definitions:

Deadweight Loss

The loss of economic efficiency that can occur when equilibrium for a good or a service is not achieved or is not achievable.

Tariff

A levy placed on goods and services brought into a country to raise their cost and enhance the competitiveness of homegrown products.

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale, leading to increased interconnectedness and interdependence of economies worldwide.

Technological Advancements

The progress in technology which enhances efficiency, productivity, and capabilities in various industries.