In the Wake of the Economic Recession of 2008 and the Accompanying

question 6

Multiple Choice

In the wake of the economic recession of 2008 and the accompanying financial scandals,business executives and public relations practitioners recommended that corporations should ________.

• A)build relationships based on mutual trust
• B)avoid financial relations with other companies
• C)define a set of values
• D)A and B
• E)A and C

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Definitions:

Circular-flow Diagram

A visual construct of the financial ecosystem, detailing the exchange of dollars between households and firms via markets.

Legal Services

Professional services provided by lawyers or legal practitioners related to the law, including advice, representation, and the preparation of legal documents.

Revenue Earned

The total income received by a company from its business activities, such as sales of products or services, before any expenses are deducted.

Production Possibilities Frontier

A graph that illustrates the highest potential production levels for two items, considering a specific set of resources.