In a Communication Process, the ________ Initiates a Message by Encoding

question 49

Multiple Choice

In a communication process, the ________ initiates a message by encoding a thought.

• A) receiver
• B) decoder
• C) channel
• D) sender
• E) signal

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Definitions:

Trade

The exchange of goods, services, or both between parties, often involving the transfer of money.

Commodity

A basic good used in commerce that is interchangeable with other goods of the same type; commodities are often used as inputs in the production of other goods or services.

Comparative Advantage

The competency of a country, individual, corporation, or region to manufacture a good or provide a service at a reduced opportunity cost than that of its competition.

Relative Efficiency

A measure of how effectively an entity (such as a firm or economy) utilizes its resources compared to another, often used to identify opportunities for improvement.