Which of the Following Is True About Product Markets

question 357

Multiple Choice

Which of the following is true about product markets?

• A) Goods and services flow from households to firms.
• B) Goods and services flow from firms to households.
• C) Factors (land, labor, capital, and entrepreneurial ability) flow from households to firms.
• D) Factors (land, labor, capital, and entrepreneurial ability) flow from firms to households.

Recognize the influence of evaluation metrics like ROI and residual income on managerial decisions regarding investment opportunities.

Understand arguments for using gross or net figures in ROI calculations and their implications.

Identify the benefits of different performance measures in encouraging strategic expansion and efficient resource allocation.

Learn the principles and practices of service department cost allocation to operating departments.

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Definitions:

Senior Executives

Top-level managers or leaders in an organization responsible for making strategic decisions and overseeing operations.

Communication

The process of conveying information or expressing ideas and feelings to others through verbal, written, or non-verbal means.

Ethics

Ethics refers to the principles and moral beliefs that guide individual or group behavior, distinguishing between what is right and wrong.

Conduct

The manner in which an individual behaves or performs an activity, often judged against a set of standards or ethical codes.