Which of the Following Is Not an Assumption We Make

question 72

Multiple Choice

Which of the following is not an assumption we make when we use issues management?

• A)Issues can be identified earlier and more completely than in the past.
• B)Early anticipation of issues gives the finn more options.
• C)Issues are so complex that firms have little chance to resolve them favorably.
• D)The firm will be able to identify stakeholders earlier than in the past.

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Definitions:

Perfectly Competitive

A market structure characterized by a large number of small firms, homogenous products, and free entry and exit, where no single firm has market power.

Variable Cost

Expenses that fluctuate with the level of output or business operations, contrasting with fixed costs.

Fixed Cost

Costs that do not change with the level of output produced, such as rent, salaries, and insurance premiums.

Economic Profit

The difference between total revenue and total economic costs (including both explicit and implicit costs), reflecting a firm's financial performance.