After Issues Related to Customers and Competitors,the Second Most Common

question 70

Multiple Choice

After issues related to customers and competitors,the second most common category of ethical issues that challenge small businesses is concerned with

• A)the treatment of employees.
• B)international relations.
• C)public relations.
• D)harmful production processes.

---

Definitions:

Resource Shiftability

The flexibility with which resources can be shifted from producing one product to another in response to changing market demands.

Production Possibilities Curve

A graphical representation showing the maximum combination of goods or services that can be produced in a given time period with available resources.

Consumer Goods

Products and commodities bought and used by individuals and households for personal consumption.

Capital Goods

Long-lasting goods that are used in the production of other goods and services but are not themselves part of the end product.