Which of the Following Is an Example of a Firm

question 7

Multiple Choice

Which of the following is an example of a firm?

• A)A local government agency
• B)A family with four children
• C)A grocery store
• D)A public school
• E)The U.S.Department of Commerce

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Definitions:

Goal Specificity

The clarity and preciseness of a goal, which helps in planning and achieving desired outcomes by making expectations clear and measurable.

Theory X Manager

A management style characterized by the belief that employees inherently dislike work and must be closely supervised and coerced to achieve productivity.

Contract

Legally enforceable agreement between two or more parties regarding a specified act or thing.

Union Members

Individuals who belong to a labor union, an organization that represents workers in negotiations with employers regarding wages, benefits, and working conditions.