The Form of Control That Ensures That Managers Are Fulfilling

question 20

Multiple Choice

The form of control that ensures that managers are fulfilling the obligations to the owners of the organization is known as:

• A) Corporate governance.
• B) Market for corporate control.
• C) Regulation.
• D) Corporate social responsibility.

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Definitions:

Marginal Revenue Curve

A graphical representation that shows the change in total revenue for every unit increase in the quantity of output sold.

Demand Curve

A graphical representation showing the relation between the price of a good and the quantity demanded by consumers.

Profit Maximizing

is a strategy where a firm decides on the quantity of production and price to maximize its profit.

Elasticity Of Demand

A gauge of the extent to which demand for an item is affected by fluctuations in its price.