Figure 1-A -Refer to Figure 1-A.In the Circular Flow Diagram, Goods and Diagram

question 19

Multiple Choice

Figure 1-A
-Refer to Figure 1-A.In the circular flow diagram, goods and services:

• A)flow in a clockwise direction.
• B)flow in a counterclockwise direction.
• C)are sold by businesses in the factor market.
• D)flow in a clockwise direction AND are sold by businesses in the factor market
• E)flow in a counterclockwise direction AND are sold by businesses in the factor market.

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Definitions:

Environmental Scans

The process of gathering, analyzing, and dispending information for strategic purposes from the external and internal environments of an organization.

Cause Marketing

A partnership between a for-profit business and a non-profit organization to mutually promote and benefit from social or environmental causes.

Societal Responsibility

The obligation of an organization to act in ways that benefit society at large, beyond its own interests.

Stakeholder Responsibility

The obligation of organizations to act in ways that recognize and address the impacts of their decisions and activities on all stakeholders, including employees, customers, communities, and shareholders.