Semantic Information Difference Is a Term That Describes _______________

question 31

Multiple Choice

Semantic information difference is a term that describes _______________.

• A) when employees and supervisors do not share the same view of some organizational issues, basic job duties, or employees' participation in decision making
• B) when the information being presented in a meeting is not in line with the company's mission statement.
• C) how companies communicate by different channels such as phone, internet, and mail
• D) when semantics play a part in organizational decision making

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Definitions:

Marginal Cost Function

A mathematical representation showing how the cost of producing one additional unit of a good changes as production volume changes.

Optimal Output

The level of production that maximizes a firm’s profit or minimizes its cost under given conditions.

Profit

The financial gain acquired when the revenue generated from business activities exceeds the expenses, costs, and taxes needed to sustain the activity.

Industry Supply Curve

A graph that shows the relationship between the price of a good and the total output of the industry for that good.