Which of the Following Is Not One of the Four

question 17

Multiple Choice

Which of the following is not one of the four characteristics in an organization that encourage ethical behavior?

• A) training for officers,managers,and employees in the subject of ethics
• B) a policy of public reporting
• C) a written code of standards
• D) availability of advice for employees confronting ethical issues

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Definitions:

Monopolist

A sole provider of a good or service in a market, facing no direct competition, which often results in the power to set prices.

Marginal Cost

The cost associated with producing an additional unit of a product, emphasizing its importance in economic decision-making.

Average Cost

The total cost of production divided by the quantity produced, measuring the cost on a per-unit basis.

Surplus

When the quantity supplied of a commodity surpasses the quantity demanded, often resulting in a decrease in price to balance the disparity.