Which of the Following Is the Best Definition of Business

question 32

Multiple Choice

Which of the following is the best definition of business ethics?

• A)The practice of obeying applicable business laws and regulations.
• B)The practice of competing fairly and declining to put your own interests above those of your company or its stakeholders.
• C)The practice of responding to morally problematic business situations.
• D)The practice of making business decisions that are most beneficial to stakeholders.

Understand the concept of per capita GDP and its calculation.

Analyze the impact of real GDP changes on the economy.

Determine the percentage change in GDP due to various factors.

Calculate real GDP from nominal GDP data using the GDP deflator.