A Primary Characteristic That Distinguishes Governmental Entities from Business Entities

question 1

Multiple Choice

A primary characteristic that distinguishes governmental entities from business entities is

• A)the need to generate revenues equal to or in excess of expenditures/expenses.
• B)the importance of the budget in the governing process.
• C)the need to provide goods or services.
• D)the correlation between revenues generated and demand for goods or services.

Grasp the basis of the Resource-Based View (RBV) including resource immobility and heterogeneity.

Analyze the factors influencing supplier and buyer power within markets.

Identify dynamics affecting profitability in spite of barriers to entry, such as substitute products and industry growth rate.

Recognize strategies to decrease buyer power and to command higher prices for products.

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Definitions:

Utilitarianism

An ethical theory that states that the best action is the one that maximizes utility, usually defined as that which produces the greatest well-being of the greatest number of people.

Greenpeace

An international environmental organization that promotes earth-friendly policies and actions.

Corporate Citizenship

The behavior of a company viewed in terms of its contribution to society through its ethical business practices and social responsibility initiatives.

UN Global Compact

A United Nations initiative to encourage businesses worldwide to adopt sustainable and socially responsible policies.