Generating Insights into How Technology and Processes Can Be Utilized

question 4

Multiple Choice

Generating insights into how technology and processes can be utilized to create new products and services or help the organization work more effectively is an example of which soft skill?

• A) Business understanding
• B) Strategic understanding
• C) Organizational understanding
• D) Creating a supportive environment
• E) Effective use of resources

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Definitions:

Total Utility

The overall satisfaction or benefit a consumer receives from consuming a specific quantity of goods or services.

Income Distribution

How a nation’s total GDP is distributed amongst its population, influencing economic inequality.

Marginal Utility

The added satisfaction a consumer gains from consuming one more unit of a good or service.

Poverty

A condition where individuals or communities lack the financial resources to meet basic needs such as food, shelter, and healthcare.