Wehler industries recently restructured their board of directors to include more members who are not employees of the company as well as add a financial expert. what may have prompted this change?
a: implementing an enterprise resource planning system
b: the sarbanes-oxley act
c: pursuing the triple bottom line
d: the ima statement of ethical professional practice

In a perfectly competitive market, the long-run market supply curve tends to be horizontal or nearly so. what is another way to state this fact? (a) market supply is much more elastic in the long run than the short run. (b) in the long run, average total cost is minimized. (c) in the long run, price equals marginal cost. (d) market supply is much less elastic in the long run than the short run.