If a Plant Is Wounded, Some Cells near the Wound

question 4

Multiple Choice

If a plant is wounded, some cells near the wound site begin dividing and seal off the wound. Once the wound is sealed, the cells stop dividing. The criterion /criteria of life illustrated here is/are

• A) response to an external stimulus.
• B) growth.
• C) reproduction.
• D) adaptation to the environment.
• E) Both response to the environment and growth are involved.

Identify effective strategies for mitigating unethical practices by foreign suppliers.

Analyze ethical business decisions through various ethical philosophies.

Apply the principles of utilitarian ethics in business decisions.

Understand the role of cost-benefit analysis in utilitarianism and ethical decision-making.

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Definitions:

Economic Profits

The financial gain made in a transaction after accounting for both explicit and implicit costs.

Average Total Cost

The total cost of production divided by the quantity of output produced, representing the average cost per unit of output.

MC = MR

Stands for the economic principle where Marginal Cost (MC) equals Marginal Revenue (MR), a condition for profit maximization in firms, indicating the optimal level of production.

Profit-maximizing Level

The point at which a firm achieves the highest possible profit, balancing the cost of production against revenue from sales.