Which of the Following Has the Ultimate Power to Control

question 61

Multiple Choice

Which of the following has the ultimate power to control a company?

• A) the managers.
• B) the shareholders.
• C) the board of directors.
• D) the Chief Financial Officer (CFO).

---

Definitions:

Perfect Competitor

A theoretical market structure where many firms sell identical products, entry and exit are free, and no single buyer or seller can influence the market price.

Long Run

A period in which all factors of production and costs are variable, allowing firms to adjust all inputs.

Patents

Legal documents that grant an inventor exclusive rights to manufacture, use, or sell an invention for a certain number of years.

Monopoly Power

The control held by a single entity over the entire market for a product or service, allowing it to significantly influence or set prices.