Examine the Sentence Taken from a Report

question 74

Multiple Choice

Examine the sentence taken from a report. Which relationship is established by the transitional phrase "for example" with its preceding content? "The Mills Company, for example, has conducted such a program for the past eleven years."

• A) Contrast
• B) Cause-result
• C) Likeness
• D) Explanation or elaboration
• E) Listing or enumeration of subjects

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Definitions:

Profit-Maximizing

The approach by which an enterprise figures out the optimal pricing and production levels for the highest profit return.

Marginal Revenue

The supplementary income resulting from the sale of one more good or service unit.

Price-Searcher Firm

A company that operates in a market with differentiated products and has some control over the price of its product because it faces a downward-sloping demand curve.

Profit Maximization

is the process or strategy by which a firm adjusts its production and sale levels to achieve the highest possible profit.