Rules and Particles that govern the management of an organization are called ?
Correct answer: B. By laws
- A. Internal laws
- B. By laws
- C. Character
- D. Memorandum of articles
Explanation
By-laws are rules made to govern the internal management and conduct of an organisation. A memorandum generally defines an organisation’s constitution and scope rather than its day-to-day internal rules.
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Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
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