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Which of the following best explains why improvements in communication technology allow people to make better economic decision?
Wiki User
∙ 6y ago
Better communication makes it easier to get the information needed to come to a well-informed decision. -Apex :)
Lovely Roses
Wiki User
∙ 6y agoImproved communication devices makes it more convenient for people to talk which each other while making decisions
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How has technology improved companies in decision making?
technology has improved companies in decision making because the internet has programs that inform you on information in the making the right decision process
Is adopting enterprise application a key business and technology decision?
fxck you Simon
What is the definition of symbol strobe in digital communication book?
the sample on which the symbol decision is made
How do computers make decisions?
Computer technology provides accurate, high-value data which greatly improves decision making. However, computer technology requires a considerable investment to implement and maintain.
How does technology allow individual and business to effectively store retrieve and regularly review data for decision-making purposes?
There are programs that are designed to allow individuals and businesses to effectively store and retrieve data regularly for the decision making purposes.
What best explains why improvements in communication technology allow people to make better economic decision s?
Advancements in communication technology have significantly impacted the way people make economic decisions. These improvements enable access to real-time information, enhance the speed of communication, and facilitate global collaboration, which ultimately leads to better decision-making. One key factor is the increased access to information. With the internet and mobile devices, individuals can now access a wealth of data on markets, trends, and economic indicators from anywhere at any time. This empowers them to make well-informed decisions based on up-to-date and accurate information. The speed of communication has also increased dramatically, allowing for faster decision-making. This is particularly important in situations where time-sensitive decisions are crucial, such as stock trading or currency exchange. Quick access to the latest data and instant communication with other parties enable people to make informed choices in rapidly changing environments. Moreover, communication technology has made it possible for people to collaborate with others across the globe. This global connectivity fosters the exchange of ideas, knowledge, and expertise, which in turn enhances the quality of economic decisions. Diverse perspectives and insights contribute to better understanding and more informed decision-making in both personal and professional contexts. In conclusion, improvements in communication technology have played a vital role in enabling people to make better economic decisions. By providing access to real-time information, speeding up communication, and promoting global collaboration, these advancements have empowered individuals to make more informed choices that optimize their economic well-being.
What are some of the pros and cons of computer assisted communication technology and computer assisted decision aiding technology?
pros using a computer pros using a computer pros using a computer
Does communication has a bearing on your decision making process?
Communication has a bearing on your decision making process.
How do you Relate science and technology and society by giving instances where science and technology influences decision making?
Definitely science and technology influences decision making not only in administrative establishments but also in society. For example science and technological developments influences the community in career selection ,the way we live, our habits and entertainment and every thing. This continuous research and improvements in science are a must for betterment of society.
Communication process in promotion decision?
well communication process plays a vital role in promotion decision
FACTORS on how to make group communication and decision making effective?
factors that make group communication and decision-making effective?
Why do improvements in communication technology allow people to make better economic decisions?
Better communication makes it easier to get the information needed to come to a well-informed decision. Consumers can do price-comparison shopping, access other buyers' reviews, and use online payment methods. Access to news, rebates, recalls, and other information about financial matters and purchasing gives people a wide range of up-to-date perspectives that can impact personal finances.
How has technology improved companies in decision making?
technology has improved companies in decision making because the internet has programs that inform you on information in the making the right decision process
What has the author Brian Reich written?
Brian Reich has written: 'Shift & reset' -- subject(s): Nonprofit organizations, Social problems, Decision making 'Media rules! mastering today's technology to connect with and keep your audience' -- subject(s): Globalization, Communication and technology, Mass media
Concept of human behavior in an organization?
fellowship, communication and decision making
What are the levels on which ethical decision occurs?
Ethical decision occur on the following levels:IndividualOrganizationalBusiness system
What is the role of information technology in purchasing research?
Information technology plays a crucial role in purchasing research by enabling data collection, analysis, and decision-making processes. It helps in sourcing and evaluating suppliers, tracking market trends, managing procurement activities, and improving supply chain efficiency. IT tools such as e-procurement systems, market intelligence software, and data analytics platforms are integral in conducting effective purchasing research.
