Which of the Following Statements Is (Are) TRUE

question 108

Multiple Choice

Which of the following statements is (are) TRUE?
I. A firm with market power maximizes profit by producing so that P = MC or MR = MC.
II. If marginal revenue exceeds marginal cost, the firm should expand output to increase profits.
III. If a firm has no costs of production, it should continue producing until marginal revenue falls to zero.

• A) I
• B) II and III
• C) II
• D) I, II, and III

Recognize the role of global public relations in maintaining relationships in diverse socioeconomic and political environments.

Identify the factors important in building trust between corporations and consumers.

Learn the impact of crisis communication on a company's reputation.

Comprehend how corporate social responsibility influences brand perception and trust.

---

Definitions:

Census Data

Collected information about population demographics, socio-economic status, housing, employment, and more, used for governmental planning, policy-making, and research purposes.

Caregivers

Individuals who provide care to those who need assistance due to varying reasons such as age, illness, or disability.

Alzheimer's Disease

A progressive neurological disorder that leads to memory loss, cognitive decline, and eventually the loss of the ability to carry out the simplest tasks.

Nursing Homes

Residential facilities that provide a high level of care to individuals, especially the elderly, who require constant nursing care due to physical or mental conditions.