Any Decision by the Management of a Company May Significantly

question 68

Multiple Choice

Any decision by the management of a company may significantly affect only the company ' s

• A) officers and shareholders.
• B) officers, shareholders, and suppliers, as well as the community, or society as a whole.
• C) shareholders.
• D) suppliers, the community, or society as a whole as well as the news media and local government.

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Definitions:

Price Ceiling

A legally imposed maximum price on goods or services, preventing prices from rising above a certain level.

Shortage/Surplus

A situation where the quantity of a good demanded exceeds the quantity supplied (shortage) or the quantity supplied exceeds the quantity demanded (surplus).

Price Ceiling

A cap set by the government on the maximum price that can be asked for a good, service, or commodity.

Shortage/Surplus

An economic condition where the quantity demanded is greater than (shortage) or less than (surplus) the quantity supplied at the market price.