Some Companies Have Helped Individuals Make Ethical Choices in an International

question 26

Multiple Choice

Some companies have helped individuals make ethical choices in an international context by signing the voluntary ________.

• A) International Labor Treaty
• B) North American Free Trade Agreement
• C) United Nations Development Program Memo
• D) United Nations Global Compact

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Definitions:

Profit-maximizing Equilibrium

A state in which a firm achieves the highest possible profit, given its production costs and market conditions.

Appliance Manufacturer

A company that produces electrical machines and devices for domestic use.

Variable Resources

Inputs or factors of production that can be adjusted in the short term to meet changes in the level of output, such as labor and raw materials.

MRPs

Marginal revenue products, a measure of the additional revenue generated by employing an additional unit of a resource or factor of production.