Which of the Following Statements Is NOT Correct

question 100

Multiple Choice

Which of the following statements is NOT correct?

• A) Economics is a behavioral science.
• B) In large measure, economics is the study of how people make choices.
• C) If poverty were eliminated, there would be no reason to study economics.
• D) Economic analysis can be used to explain how both individuals and societies make decisions.

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Definitions:

Environmental Diversity

The variation in the biological, chemical, and physical characteristics of the environment, often considered in efforts to sustainably manage natural resources and mitigate climate impact.

Divisional Structure

An organizational framework where operations are divided based on geographic locations, markets, or product lines.

Divisionalized Structures

Divisionalized structures refer to organizational models in which operations are segmented into semi-autonomous divisions, each focusing on a particular product line, market sector, or geographical area.

Geographically-Based Structure

An organizational structure that assigns responsibilities based on geographical divisions or territories.