Which of the Following Is Not True About Uncontrollable Forces

question 139

Multiple Choice

Which of the following is not true about uncontrollable forces?

• A) Management can influence them by heavy promotion of new products to change cultural attitudes.
• B) They include competitive and distributive forces.
• C) Management can influence them by lobbying.
• D) Management has no direct control over them.
• E) They include political forces and human resource activities.

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Definitions:

Average Cost

The total cost of production divided by the number of units produced, indicating the cost per unit.

Consumer Surplus

The bifurcation between what a consumer wishes to pay for a service or good, and what ends up being spent.

Producer Surplus

The difference between what producers are willing to sell a good for and the actual market price of the good.

Deadweight Loss

Deadweight loss refers to the loss of economic efficiency that can occur when the equilibrium for a good or a service is not achieved or is not achievable, often due to market distortion such as taxes or subsidies.