11. A stakeholder:

Select one:

a. Is anyone or group with an interest in a business

b. Is the same as a shareholder

c. Includes only people who own part of a business

d. Wants shareholder value to increase

13. A perfectly competitive market consists of products that are all slightly different from one another

Select one:

a.False

b.True

The law of supply states that an increase in the price of a good

Select one:

a. increases the supply of that good

b. decreases the demand for that good

c. is negatively related to a shift in supply

d. increases the quantity supplied of that good

e. decreases the quantity demanded for that good