Using a Single Objective Can Result in Unethical Practices Because

question 36

Multiple Choice

Using a single objective can result in unethical practices because managers ____________.

• A) will manipulate the outcomes reported to assure that the one objective is achieved
• B) want to satisfy the stockholders of the organization
• C) will ignore other important parts of their jobs in order to look good on that one measure
• D) will use overtime to accomplish that single objective without reporting it

Comprehend the purposes and outcomes of the Earned Income Tax Credit (EITC).

Analyze the impact of government programs on work incentives and poverty alleviation.

Discern the function of in-kind transfers in social welfare systems.

Evaluate the relationship between tax policy, income redistribution, and economic behavior.

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Definitions:

Market Supply

The total amount of a specific good or service available for purchase at any given price level in a market, representing the combined supply of all sellers.

Price-Taker Industry

An industry in which individual firms have no control over the price of their product because the product is standardized, leading them to accept the prevailing market price.

Economic Profits

The difference between total revenue and total costs, including both explicit and implicit costs, indicating the extent to which a firm exceeds the opportunity cost of its resources.

Market Adjustment

Market Adjustment refers to the changes in price levels and economic variables in response to supply and demand dynamics.