The Illinois Central Railroad Once Asked the Illinois Commerce Commission

question 377

Multiple Choice

The Illinois Central Railroad once asked the Illinois Commerce Commission for permission to increase its commuter rates by 20 percent. The railroad argued that declining revenues made this rate increase essential. Opponents of the rate increase contended that the railroad's revenues would fall because of the rate hike. It can be concluded that

• A)both groups felt that the demand was elastic but for different reasons.
• B)both groups felt that the demand was inelastic but for different reasons.
• C)the railroad felt that the demand for passenger service was inelastic and opponents of the rate increase felt it was elastic.
• D)the railroad felt that the demand for passenger service was elastic and opponents of the rate increase felt it was inelastic.

Understand the rationale behind companies engaging in strategic philanthropy through Corporate Social Responsibility (CSR) in emerging markets.

Comprehend the role of corporate communications and learning from others in enhancing strategic Public Relations (PR) campaigns.

Analyze the effectiveness of targeting multiple audiences within a single PR campaign.

Describe the complexities and measurable aspects of motivational objectives in PR campaigns.

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Definitions:

Discarded

Thrown away or disposed of as no longer useful or desirable.

Insulin Syringe

A syringe designed specifically for injecting insulin, marked with units of insulin rather than milliliters.

Tuberculin Syringe

A specialized syringe designed for tuberculosis skin testing, typically marked in smaller units for precise measurement of tuberculin doses.

mL

A milliliter (mL) is a unit of volume in the metric system, equivalent to one-thousandth of a liter.