Which of the Following Statements Is True of Morals

question 73

Multiple Choice

Which of the following statements is true of morals?

• A) They are universal and seldom vary.
• B) They are independent of factors such as culture and religion.
• C) They reflect the laws and regulations that affect social and economic behavior.
• D) They set absolute standards for good and bad that are enforced by the law.

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Definitions:

Learning Curves

A phenomenon in which experience leads to learning meaning that current production lowers future costs.

Economies Of Scope

Cost advantages that enterprises obtain by producing a wide variety of products, rather than specializing in the production of a single product or a very few products.

Economies Of Scale

A situation where the cost per unit of output decreases as the scale of production increases.

Unit Costs

The cost incurred by a company to produce, store, and sell one unit of a particular product or service.