Which of the Following Statements Is True

question 34

Multiple Choice

Which of the following statements is true?

• A)Governments may engage in activities similar to activities engaged in by for-profit entities.
• B)There are a limited number of different types of governments.
• C)All governmental entities engage in the same activities.
• D)Managers may have a long-term focus and thereby sacrifice the short-term liquidity of the entity.

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Definitions:

Decision Maker

An individual or entity responsible for making choices that will impact outcomes in a business or personal context.

Marginal Benefit

The additional satisfaction or utility gained from receiving one more unit of a good or service.

Society's Well-Being

The overall level of happiness, health, and economic prosperity experienced by a community or society.

Total Benefit

The complete gain or satisfaction obtained from consuming a good, service, or undertaking a particular action.