Which of the Following General Statements About Divisions Is Not

question 15

Multiple Choice

Which of the following general statements about divisions is not true -

• A)there is no need to allocate if 100% of the amount is assigned to one division
• B)division reports can be used for business planning
• C)new divisions can be added at any time in the business
• D)all of the above statements are true

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Definitions:

Price Ceiling

A government-imposed limit on how high the price of a product can be, intended to protect consumers from high prices.

Monopolist

A single seller in a market who controls the supply of a product or service, and thus, has significant power to set prices.

Deadweight Loss

The drop in economic productivity happening when the optimal free market balance for a good or service isn't met.

Price Ceiling

A price ceiling is a government-imposed limit on how high the price of a good or service can be charged in the market, usually set below the equilibrium price to ensure affordability of essential goods.