Corporate Officers Are

question 72

Multiple Choice

Corporate officers are

• A) elected by the shareholders.
• B) appointed or elected by the board.
• C) appointed by the board and ratified by the shareholders.
• D) elected by the shareholders and ratified by the board.

---

Definitions:

Slightly Elastic

Slightly elastic refers to a situation where a small change in price leads to a relatively small change in the quantity demanded or supplied.

Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in the price of that good, indicating its sensitivity to price changes.

Total Revenue

The total amount of money generated by the sale of goods or services related to the company's primary operations.

Elastic

Describes a situation where the demand or supply for a good or service significantly changes in response to a change in price.