An Academic Question (Scenario)

question 51

Multiple Choice

An Academic Question (Scenario)
As a university student, you wonder about some of the practices in the university and just how some of these practices should be evaluated in reference to social issues.
-Your university has tried to promote the establishment of shared values so that all members will understand its beliefs. The university has established ____________ management.

• A) image
• B) socially respectable
• C) social impact
• D) values- based

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Definitions:

Discontinuance

The action of stopping the production or sale of a product or service, often as a result of strategic business decisions.

Fixed Costs

Costs that tend to remain the same in amount, regardless of variations in the level of activity.

Differential Cost

The difference in total cost that will result from selecting one alternative over another in a decision-making situation.

Differential Cost

The difference in total cost that will result from selecting one choice over another.