Exhibit 17-4 -Which of the Following Could Not Have Caused the Increase

question 14

Multiple Choice

Exhibit 17-4

-Which of the following could not have caused the increase in demand indicated in Exhibit 17-4?

• A)new firms located on the river
• B)the pollution was discovered to be more hazardous than had previously been supposed
• C)the cost of pollution abatement equipment rose
• D)consumers wanted to buy more of the good produced by the polluters
• E)the government subsidized firms so they could better afford to buy pollution rights

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Definitions:

Competitive Advantage

A unique attribute or ability a company has that enables it to outperform its competitors.

Benefits

Advantages or perks provided to employees in addition to their regular compensation, such as health insurance, retirement plans, and paid time off.

Social Responsibility

The obligation of companies to act in ways that benefit society at large, beyond their own interests or profitability.

Strategic Planning

The process of defining a business's direction and making decisions on allocating its resources to pursue this strategy, including its capital and people.