Which of the Following Statements Best Reflects the Approach State

question 123

Multiple Choice

Which of the following statements best reflects the approach state and local governments take to influence the location decisions of businesses? State and local governments:

• A) often engage in fierce competition to attract businesses, including the offer of tax breaks, zoning changes, and financial aid.
• B) try to avoid competition with other areas, because such competition usually backfires and creates ill will.
• C) no longer pursue new businesses, because they have found that attempts to attract businesses are usually too expensive to justify the results.
• D) work primarily through the federal government and the Small Business Administration to obtain financial assistance for firms seeking to locate in their area.

Recognize characteristics such as objectivity that facilitate consideration of all sides of an issue.

Understand how audience perception (e.g., "What's in this for me?") affects the reception of messages.

Develop skills for delivering negative feedback positively.

Differentiate between delivering negative news and adopting a negative tone.

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Definitions:

Market Price

The price at which goods and services are sold in the market, determined by the forces of supply and demand.

Profit

The financial gain made in a transaction or operation, calculated as total revenue minus total costs.

Total Variable Costs

The complete costs that vary with output level, such as materials and labor, in the production process.

Marginal Cost

The change in total cost that arises when the quantity produced is incremented by one unit.