Who Assumes Virtually All the Powers of the Governor When

question 12

Multiple Choice

Who assumes virtually all the powers of the governor when the sitting governor leaves the state's borders?

• A)attorney general
• B)lieutenant governor
• C)the secretary of state
• D)the speaker of the assembly

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Definitions:

Competitive Price-Searcher

A firm that must actively seek out the best price for its goods or services due to the presence of many competitors and informed buyers.

Maximizing Profit

The process or strategy of increasing the difference between total revenue and total costs to achieve the highest possible financial gain.

Competitive Price-Searcher

A market condition where firms actively seek out prices that will maximize their profits in environments with some level of competition.

Positive Profit

Refers to the financial gain that occurs when the revenue generated from business activities exceeds the expenses, costs, and taxes needed to sustain the business.