Which of the Following Statement Is Correct Regarding Control of the fiRm

question 102

Multiple Choice

Which of the following statement is correct regarding control of the firm?

• A) Control of the firm ultimately rests with shareholders. They elect the board of directors, who, in turn, hire and fire management.
• B) Control of the firm ultimately rests with board of directors. They elect the management, who, in turn, lead the company.
• C) Control of the firm rests with the executives that oversea the strategic planning.
• D) Control of the firm rests with regulatory bodies working in unison with executives.
• E) Control of the firm rests with government agencies and regulatory bodies working in unison with the board of directors.

Explain the principles of authority, reciprocity, and source credibility in persuasion.

Understand the concept of customer co-creation and its significance in product development and marketing.

Describe the use of social media and other digital platforms in marketing and how they influence consumer behavior.

Analyze the concept of native advertising and its integration into content.

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Definitions:

Opportunity Cost

The highest-valued alternative forgone as a result of making a decision to pursue a certain course of action.

Automobiles

Vehicles propelled by an internal combustion engine or electric motor, used for the transportation of people and goods on road surfaces.

Tractors

Agricultural machinery used for plowing, tilling, planting, and other tasks in farming, essential for modern agriculture.

Fair Trade

A trading partnership, based on dialogue, transparency, and respect, that seeks greater equity in international trade. It contributes to sustainable development by offering better trading conditions to, and securing the rights of, marginalized producers and workers.