Hudson and Ilka Want to Market a New Line of Kayaks

question 21

Multiple Choice

Hudson and Ilka want to market a new line of kayaks and related gear under the brand name Journeys as a corporation-Journeys,Inc.To avoid income taxes at the corporate level,they should form

• A)a C corporation.
• B)a close corporation.
• C)an S corporation.
• D)a private corporation.

Analyze the influence of social movements, such as the #MeToo movement, on societal change and individual actions.

Comprehend the development of sociology as a discipline and its application to solve social problems.

Understand the sociological perspective and its utility in examining societal patterns and dynamics.

Appreciate the significance of research and theory in understanding social phenomena and contributing to social change.

---

Definitions:

Marginal Revenue

Marginal revenue is the additional income generated from the sale of one more unit of a product or service.

Profit Maximizing

The process or strategy of adjusting production and operations to achieve the highest possible profit from business activities.

Economic Efficiency

A situation where resources are allocated in a way that maximizes the production of goods and services at the lowest cost.

Deadweight Loss

A loss of economic efficiency that can occur when the free market equilibrium for a good or a service is not achieved.