The Day-To-Day Operations of a Publicly Traded Company Are Conducted

question 22

Multiple Choice

The day-to-day operations of a publicly traded company are conducted by

• A) people who own the company, such as shareholders.
• B) its managers and lower-level employees.
• C) people who finance the company, such as investors.
• D) the CEO and the board of directors.

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Definitions:

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of that good that suppliers are willing to offer for sale.

Consumer Surplus

The imbalance between the funds consumers are willing to dedicate to a good or service and the funds they actually dedicate.

Consumer Surplus

The discrepancy in the total spend consumers are willing to shoulder for a product or service as opposed to what they actually disburse.

Market Price

The present value at which a service or asset is available for purchase or sale in a market.