Which of the Following Is Not a Reason for Businesses

question 19

Multiple Choice

Which of the following is not a reason for businesses to establish community relations departments?

• A) Working with local governments.
• B) Managing donations of goods and services.
• C) Encouraging employee volunteerism.
• D) Managing international relations projects for economic development.

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Definitions:

Convex Isoquants

Curves that depict combinations of inputs that yield the same level of output in a production process, where convexity implies diminishing marginal rates of technical substitution.

Expansion Path

In economics, the curve that shows how a firm's production changes as it increases inputs, keeping the input mix proportionate.

Marginal Product

The additional output obtained by employing one more unit of a specific input, keeping all other inputs constant.

Perfect Substitutes

Two goods for which the marginal rate of substitution of one for the other is a constant.