If the Demand for Luxury Yachts Is Very Elastic,then a Yacht

question 72

Multiple Choice

If the demand for luxury yachts is very elastic,then a yacht tax would lead to:

• A)a large deadweight loss.
• B)no deadweight loss.
• C)a small deadweight loss.
• D)a large amount of tax revenue but no deadweight loss.

Grasp the concept of stakeholder orientation and its significance for business success.

Describe the normative and conceptual approaches to stakeholder theory.

Understand the role of shareholders and suppliers and what they offer to organizations.

Identify the activities associated with stakeholder orientation.

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Definitions:

Choosing

The process of selecting among several options or making a decision in a given context.

Weighed

Considered carefully by comparing the relative importance or consequences of different factors or options.

Reliable Information

Data or facts that are accurate, trustworthy, and dependable, contributing effectively to decision-making or knowledge.

Cope with Risk

The process of managing potential threats and uncertainties to minimize their impact on objectives.