The Responsibility of James and Henry in an Organization Is

question 30

Multiple Choice

 The responsibility of James and Henry in an organization is to direct and oversee managers to ensure that the jobs are properly done. Both were elected by the shareholders of the organization to serve as an intermediate group. From this scenario, it can be inferred that James and Henry are the _____ of the organization.

• A) employees
• B) board of directors
• C) institutional shareholders
• D) owners

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Definitions:

Net Demander

An entity or individual that consumes or requires more of a good or service than they produce or provide.

Inferior Good

A type of good for which demand decreases as the income of the consumer increases, contrary to what happens with a normal good.

Net Supplier

An entity that provides more of a good or service to the market than it consumes from it.

Normal Good

A category of product that sees a rise in demand as the consumer's income grows, indicating a direct correlation between income levels and demand.