Juan Is Running for Student Body President

question 66

Multiple Choice

Juan is running for Student Body President.One of the aspects of his platform is the way parking passes are distributed to students.He believes seniors should be given priority over all other students,with juniors next,then graduate students,with sophomore getting all of the remaining passes.He does not believe freshmen need to have a car,as all freshmen are required to live on campus.As he has spoken to campus organizations,he has repeatedly painted a visual of how much better campus would be under his plan.This is an example of ______.

• A)handling conflict
• B)creating vision
• C)strategic planning
• D)managing resources

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Definitions:

Profit

The financial gain that results when the revenues generated from business activities exceed the expenses, taxes, and costs incurred.

Competitive Market

A market structure characterized by many buyers and sellers, where all entities have little to no power to influence prices or market conditions.

Transaction Costs

Transaction costs are expenses incurred when buying or selling goods or services, including the costs of searching for information, negotiations, and enforcement of contracts.

Spread

The difference between two values, such as the bid and ask prices in financial markets, or the range in statistical data.