SpandoCorp Is a Diversified Firm That Makes Industrial, Military and Consumer

question 17

Multiple Choice

SpandoCorp is a diversified firm that makes industrial, military and consumer products from Spandex. SpandoCorp manages each of the businesses that it operates in as a separate division and treats each as a True profit-and-loss center. In this organization, Grace McKenna is responsible for deciding which set of businesses SpandoCorp will operate in and for encouraging behavior that is consistent with this strategy, Wells Tucker provides information to McKenna about the internal and external environments that she uses in her decision making, and Kelly Rae is one of the individuals who is responsible for evaluating the firm's decision making to ensure that it is consistent with the interests of equity holders.
-Grace McKenna is best described as a(n) ________ in SpandoCorp.

• A) senior executive
• B) corporate staff member
• C) division general manager
• D) institutional investor

Identify factors that cause shifts in demand and supply curves.

Understand the role of consumer income and preferences on demand.

Recognize the impact of cost changes on supply.

Apply economic theory to real-world scenarios, particularly in understanding market reactions.