Which of the Following Is False

question 21

Multiple Choice

Which of the following is false?

• A)The ethics officer is typically a middle-level manager.
• B)The ethics officer typically reports directly to the CEO.
• C)The ethics officer can be hired from inside or outside of the firm.
• D)The ethics officer can also be called the "director of ethics" or "director of internal audit."

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Definitions:

Costs

Costs represent the expenses incurred in the production of goods or services, including materials, labor, and overhead.

Marginal Costs

The cost incurred by producing one additional unit of a product, which typically includes materials and labor.

Potential Customers

Individuals or organizations that could become buyers of a product or service, but have not yet made a purchase.

Expected Profit

The anticipated financial gain from a business venture or investment, estimated based on forecasts or previous performance.