Select the Most Accurate Statement

question 7

Multiple Choice

Select the most accurate statement.

• A) An employee's words, decisions, and opinions are assumed to represent those of the organization.
• B) To be considered defamation, a statement must be made in writing.
• C) To be actionable (likely to result in a lawsuit), abusive language can be true or false, as long as it is damaging.
• D) In a situation that could be legally dangerous, try to volunteer as much information as possible to show that you are being completely honest.

---

Definitions:

Monopoly Firms

Companies that are the sole provider of a product or service in a market, having exclusive control over supply and market competition.

Profit Maximization

The process by which a firm determines the price and output level that returns the greatest profit, considering its cost structure and the market demand.

Purely Competitive

A market structure characterized by a large number of small firms, identical products, easy entry and exit, and perfect information, leading to price taking behavior.

Market Price

The price at which a good or service is offered in the marketplace where demand meets supply.