Firms That Generally Act Only When Forced to Do So,and

question 17

Multiple Choice

Firms that generally act only when forced to do so,and then in a defensive manner are:

• A) Interactive companies.
• B) Proactive companies.
• C) Reactive companies.
• D) Inactive companies.

---

Definitions:

Secession Conventions

Meetings held in the southern United States where delegates decided whether their states should secede from the Union, leading up to the Civil War.

Northern Economy

Refers to the economic structure and activities predominant in the northern regions of the United States, historically characterized by industrialization and commerce.

Economic Impact

The effect of an event, policy, or market condition on the economy of a region or country, often measured in terms of changes in GDP, employment, or income.

Civil War

A conflict between citizens of the same country. In the United States, it refers specifically to the war fought from 1861 to 1865 between the North and South over issues including states' rights and slavery.