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The Role of the Board of Directors of a New

question 1

Multiple Choice

The role of the Board of Directors of a new venture is to primarily protect the interests of ________________.


Definitions:

Shortage

A situation where demand for a product or service exceeds its supply in a market.

Surplus

The amount by which the quantity supplied of a good exceeds the quantity demanded at a specific price.

Price Ceiling

A legal maximum price set below the equilibrium price, preventing sellers from charging more than this amount.

Price Floor

A government-imposed minimum price set above the equilibrium price, preventing market prices from falling below a certain level.

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