Which of the Following Statements Is Most Accurate

question 395

Multiple Choice

Which of the following statements is most accurate?

• A)Nonprofit organizations are exempt from having to cover costs of producing and/or marketing their products.
• B)Socially responsible corporations should have the pricing objective of covering all costs of producing and marketing a company's product, but they should not price their products to earn a profit.
• C)Firms must know or anticipate what specific price its present and potential competitors are charging now or will charge.
• D)Regardless of a company's objectives, a firm must cover all the costs of producing and marketing products or the firm will fail.
• E)Elasticity of demand makes it virtually impossible for companies to cover all their marketing and production costs at all times.

---

Definitions:

Interest Group

An organization of people who share common goals and unite to influence public policy and opinion.

Federal Executive Agency

An administrative agency of the federal government of the United States, acting under the direct authority of the President or the U.S. cabinet.

National Science Foundation

A federal agency in the United States that supports fundamental research and education in all the non-medical fields of science and engineering.

Equal Employment Opportunity Commission

A U.S. federal agency responsible for enforcing federal laws that make it illegal to discriminate against a job applicant or an employee because of the person's race, color, religion, sex, national origin, age, disability, or genetic information.