As the Owner of a Local Restaurant, You Initiate a Practice

question 8

Multiple Choice

As the owner of a local restaurant, you initiate a practice of composting all disposable food products and donating edible leftovers to a local homeless shelter.In Zadek's corporate responsibility model, you are in ______ mode while facing a(n) ______ issue.

• A)defensive; latent
• B)civil; institutionalized
• C)managerial; latent
• D)managerial; consolidating

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Definitions:

Supply Equation

An algebraic equation that represents the relationship between the quantity supplied of a good and its price, holding other factors constant.

Price Floor

A government or regulatory imposed minimum price above which a particular good or service cannot be traded.

Shortage/Surplus

A market condition where the quantity of a good supplied is less/more than the quantity demanded at the market price.

Price Ceiling

A price ceiling is a government-imposed limit on how high a price can be charged for a product or service, intended to protect consumers from prices that are deemed too high.