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Question: which of the following best explains price elasticity a extent...

Question details

Which of the following best explains ‘Price elasticity’?

a.

Extent to which price per unit does not change with the volume that is purchased.

b.

Extent to which total price changes with the volume that is purchased.

c.

Extent to which price per unit changes with the volume that is purchased.

d.

Extent to which price per unit changes with the volume that is sold.

Which of the following better explains ‘Budget Authority’?

a.

This prohibits a manager from spending money for company purposes.

b.

This allows a manager to spend money and resources of the company for company purposes.

c.

This allows a manager to collect money and resources of the company for company purposes.

d.

This allows a manager to spend money and resources of the company for personal purposes.

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