Which of the Following Statements Is True About the Relationship

question 46

Multiple Choice

Which of the following statements is true about the relationship between business and the community?

• A) It is one of mutual interdependence.
• B) Business has more responsibility towards community than the community does towards business.
• C) Communities possess more social power than businesses do.
• D) All of the above statements are true.

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Definitions:

Circular Flow Model

An economic model that depicts the continuous flow of money, goods, services, and factors of production between households and businesses in an economy.

Economy

An arrangement for creating, distributing, and using goods and services within a specified geographic region.

Doghouses

Doghouses are small shelters or structures designed to provide a safe and secure outdoor environment for dogs to sleep, rest, and be protected from the elements.

Dishwasher Industry

The sector of the economy focused on the manufacturing, distribution, and retail of dishwashers.