QUESTION 51 Suppose that you enjoy eating pizza. However, as you eat more pizza,

Question

QUESTION 51

Suppose that you enjoy eating pizza. However, as you eat more pizza, the additional satisfaction received from eating one more slice will most likely eventually fall. This is an example of the

Law of diminishing marginal returns at work.

Law of supply at work.

Law of diminishing marginal utility at work.

Law of unintended consequences at work.

1 points   

QUESTION 52

______ e-commerce is a subset of e-commerce where all the participants are organizations.

Government-to-consumer (G2C).

Business-to-consumer (B2C).

Consumer-to-consumer (C2C).

Business-to-business (B2B).

1 points   

QUESTION 53

______ is the most common method on the Internet for authenticating a message sender or encrypting a message.

Extensible Markup Language (XML).

Filtering.

Biometrics.

Public Key Infrastructure (PKI).

1 points   

QUESTION 54

Which of the following is not an advantage of two-way communication compared to one-way communication?

It gives receivers a chance to ask questions and share concerns.

It is faster and easier.

It is more accurate.

It results in less miscommunication.

1 points   

QUESTION 55

When the U.S. Federal Reserve System (the nation's central bank) sells U.S. government securities on the open market, the money supply will likely _____, and interest rates will likely _____.

Increase; increase.

Increase; decrease.

Decrease; decrease.

Decrease; increase.

1 points   

QUESTION 56

Which of the following is generally the riskiest?

Treasury bill.

Long-term corporate bond.

Small-company stock.

Certificate of deposit.

1 points   

QUESTION 57

Opponents of corporate social responsibility believe that organizations may help improve the quality of life in society, but only by

Making philanthropic donations.

Fulfilling their legal responsibilities.

Increasing profits and shareholders' wealth.

Training employees to make ethical decisions outside of the workplace.

1 points   

QUESTION 58

The triple bottom line means a focus on

Economic, social, and environmental performance.

People, environment, and profits.

Profits, people, and stakeholders.

Shareholders, stakeholders, and environment.

1 points   

QUESTION 59

The market segmentation method that groups consumers on the basis of desirable consequences sought from the product is called:

Psychographic segmentation.

Demographic segmentation.

Geographic segmentation.

Benefit segmentation.

Behavioral segmentation.

1 points   

QUESTION 60

After natural disasters such as hurricanes, local officials sometimes impose price ceilings or maximum prices that can be charged on heavily demanded goods such as ice and portable generators. If effective, such a price ceiling would be _____ the market price and would lead to a _____.

Above; surplus.

Below; shortage.

Above; shortage.

Below; surplus.

A.

Law of diminishing marginal returns at work.

B.

Law of supply at work.

C.

Law of diminishing marginal utility at work.

D.

Law of unintended consequences at work.

Explanation / Answer

Answer : 51) C. Law of diminishing marginal utility at work. Because by consumption we get utility. The law of diminishing marginal utility is that if a person consume an additional unit of product then utility decrease. This means more consumption of a good leads to decrease it's utility.

52) D. Business-to-Business (B2B).

B2B e-commerce is a sub part of e-commerce where all are organization. As consumer cannot be an organization hence (d) is the correct option where both are organization.

53) D. Public Key Infrastructure (PKI).

PKI is the most common used method on internet for authenticating a massage sender or encrypting a massage. PKI enables the Internet to secure private exchange data and money by public and private cryptographic key pair usation.

54) B. It is faster and easier. This is not the advantage of two-way communication. Because in two-way communication both the parties get chance to communicate each other.

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