The Conventional Approach to Issues Management Includes All of the Following

question 22

Multiple Choice

The conventional approach to issues management includes all of the following characteristics except

• A)issues originate in social,political,regulatory,or judicial environments.
• B)issues fall in the domain of public affairs management.
• C)an issue is any trend or event that might affect the company.
• D)issues are legitimate and urgent stakeholder concerns.

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Definitions:

Marginal Cost

The amount needed to make one more unit of a certain product or service.

Total Economic Costs

The sum of all expenses a firm faces, including both explicit costs (direct payments) and implicit costs (opportunity costs).

Marginal Revenue

The gain in income from selling an additional unit of a product or service.

Marginal Cost

The cost implications of producing an additional unit of either a product or service.