Examlex
Simone is a manager of Rolling Hills Resort LLC,a limited liability company.Rolling Hills is formed in a state that does not explicitly create fiduciary duties for LLC managers but does require the exercise of good business judgment.Unless a court rules otherwise,Simone owes fiduciary duties to
Inelastic
Describes a situation where the quantity demanded or supplied changes by a smaller percentage than the percentage change in price.
Total Revenue
is the total amount of money received by a company from its sales of goods or services, before any expenses are subtracted.
Price Elasticity
A measure of how much the quantity demanded of a good responds to a change in its price, with high elasticity indicating sensitivity.
Appropriations
Funds that are set aside by a governing body, like a legislature, for a specific use or purpose as part of a budget or spending bill.
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