A Decrease in Production Costs at Any Given Quantity ______

question 61

Multiple Choice

A decrease in production costs at any given quantity ______ supply.

• A) increases
• B) decreases
• C) does not change
• D) may increase or decrease

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Definitions:

Mens Rea

A legal principle that considers the intent of the mind to commit a crime; essential for establishing criminal liability.

Independent Director Control

A theory of corporate control that states that the best way to make certain that corporate decisions are made in the best interests of the corporation is to make sure that the decision makers themselves are not affected by the decisions.

Corporate Democracy

The system or practices within a corporation that allow for the participation and voting rights of shareholders in company decision-making processes.

Business Judgment Rule

A legal principle that protects the decisions of corporate directors and officers, made in good faith and with reasonable diligence, from being second-guessed by courts.