Identify the Statement That Is False

question 12

Multiple Choice

Identify the statement that is false.

• A) An increase in the amount of income changes the intercepts of the budget constraint but not the slope.
• B) An increase in the price of good x changes both the x -intercept and the slope of the budget constraint.
• C) An increase in the price of good x and an equal percentage increase in the price of good y changes the x -intercept, the y -intercept, and the slope of the budget constraint.
• D) An increase in the price of good x and an increase in the price of good
• y may or may not change the slope of the budget constraint.

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Definitions:

Corporate Level Operations

Strategic activities and decisions made at the highest level of an organization, affecting its overall direction and goals.

Decision Maker

An individual or group responsible for making choices after considering all alternatives and consequences.

Organizational Structure

The system that outlines how certain activities are directed in order to achieve the goals of an organization, including rules, roles, and responsibilities.

Strong Corporate Vision

A clear, inspiring, and forward-looking statement or concept that guides an organization towards its future objectives and strategies.