Scenario 9.2 Consider a Publicly Held Firm (One Whose Stock Shares Are

question 12

Multiple Choice

Scenario 9.2
Consider a publicly held firm (one whose stock shares are traded on the stock exchange) that earned revenue worth $350 million and incurred land, labor, and debt costs worth $320 million. The stockholders who have invested a total of $100 million in this firm could have earned 10 percent return on other comparable investments.
-If an individual firm in a market is a price taker, then:

• A)it faces a horizontal demand curve.
• B)it is operating in a monopolistically competitive market.
• C)it sells its product at the market price that is solely determined by the buyers.
• D)it faces a positively sloped marginal revenue curve.
• E)it faces significant barriers to exit from the market.

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Definitions:

Human Resources Planning

The process of forecasting an organization’s future human resources needs and developing strategies for meeting those needs, including recruiting, training, and retaining employees.

Organizational Strategy

A plan of action designed to achieve long-term or overall goals and objectives of an organization.

Human Capital

The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or the community.

Balanced Scorecard

A strategic planning and management system used by organizations to communicate what they are trying to accomplish, align the day-to-day work that everyone is doing with strategy, measure and monitor progress towards strategic targets.