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Provide a Short Answer to Each of These Questions

question 69

Essay

Provide a short answer to each of these questions. Be sure to fully explain your answer.
-Summarize the responsibilities that corporations should have toward their shareholders.


Definitions:

Income

Financial earnings acquired regularly from work or investment profits.

Total Utility

The total satisfaction or benefit derived by a consumer from consuming a given quantity of goods or services.

Utils

A hypothetical unit of measurement used in economics to quantify utility or satisfaction gained from consuming a good or service.

Process Innovation

The implementation of a new or significantly improved production or delivery method in business operations.

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