Suppose That Many Coal Mines Are Shut for Environmental Reasons

question 116

Multiple Choice

Suppose that many coal mines are shut for environmental reasons.This will cause

• A)no change in the supply curve,only a change in price.
• B)a movement up the supply curve.
• C)an increase in the supply of coal (a rightward shift of the supply curve).
• D)a decrease in the supply of coal (a leftward shift of the supply curve).
• E)a movement down the supply curve.

---

Definitions:

Profit Center

A profit center is a branch or division of a company that is treated as a separate unit for the purpose of assessing its revenue-generating ability and profitability.

Department Manager

A professional who oversees the operations and employees of a specific department within a company, ensuring goals and objectives are met.

Authority

The authority or capacity to command, make choices, and ensure compliance.

Responsibility Accounting Reports

Financial reports that measure the financial performance of different segments or departments of an organization, attributing revenues and expenses to the managers responsible.