The Officer of the Company Who Has the Ultimate Responsibility

question 126

Multiple Choice

The officer of the company who has the ultimate responsibility for implementing the company's long and short-term goals is the ________.

• A) Chief Financial Officer
• B) Chair of the Board
• C) Chief Executive Officer
• D) Chief Officer for Human Relations

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Definitions:

Tax Revenues

The income that is gained by governments through taxation, an important source of revenue for government expenditures.

Inelastic Demand

A situation in which the demand for a product does not significantly change with a change in its price.

Price-Elastic

Refers to the degree to which the demand for a product changes in response to a change in its price.

Substitutes

Goods or services that can replace each other in usage, where an increase in price of one leads to an increase in demand for the other.