Janet Is on the Board of Directors for SPT Corporation

question 79

Multiple Choice

Janet is on the board of directors for SPT Corporation.Which of the following assumptions about Janet's involvement with SPT Corporation is not correct?

• A) Janet was elected by the shareholders to this role.
• B) Janet is not a shareholder of SPT Corporation.
• C) In her role as a board member, Janet is responsible for the functioning of SPT Corporation.
• D) Janet is a competitor of SPT Corporation.
• E) Janet's position on the board is not permanent.

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Definitions:

Spending Multiplier

A concept in economics that represents how changes in autonomous spending lead to changes in total economic output.

Budget Surplus

A situation where a government's revenues exceed its expenditures within a specific period.

Equilibrium Output

The level of output at which the quantity of goods produced equals the quantity of goods consumed, often resulting in market stability.

Short-Run Aggregate Demand

The total amount of goods and services that will be purchased at all possible price levels in an economy in a short period.