Which of the Following Refers to a Division of the Company

question 78

Multiple Choice

Which of the following refers to a division of the company that can be managed somewhat independently from other divisions of the company since it markets a specific set of products to a clearly defined group of customers?

• A)business alliance
• B)executive department
• C)executive business segment
• D)subsidiary firm
• E)strategic business unit

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Definitions:

Demand For Labor

The desire or need for employees by employers, determined by the wage rate and the level of production required by the firm or economy.

Price Floor

A government or regulatory-imposed minimum price for a good or service, intended to ensure that the market price does not fall below a certain level.

Surplus

The amount of a product or resource that exceeds the amount actually utilized or demanded.

Binding Minimum Wage

A government-set minimum wage that is above the equilibrium wage, potentially leading to unemployment because the quantity of labor supplied exceeds the quantity demanded.