Get Smart University Is Contemplating an Increase in Tuition to Enhance

question 143

Multiple Choice

Get Smart University is contemplating an increase in tuition to enhance revenue.If GSU feels that raising tuition would enhance revenue,it is

• A)ignoring the law of demand.
• B)assuming that the demand for university education is elastic.
• C)assuming that the demand for university education is inelastic.
• D)assuming that the supply of university education is elastic.

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Definitions:

Shareholder

An individual or entity that owns shares in a corporation, thus holding a portion of the corporation's equity.

Triple Bottom Line

A framework or theory that recommends that companies commit to focusing on social and environmental concerns just as they do on profits, encapsulating people, planet, and profit.

Economically

Pertaining to the efficient, disciplined, and prudent management of resources, often related to financial decisions and policies.

Environmentally

Pertaining to the natural world or ecological matters, often relating to the protection and conservation of the environment.