Which of the Following Is Least Likely to Be a By-Product

question 75

Multiple Choice

Which of the following is least likely to be a by-product of ethical business practices?

• A)fewer lawsuits.
• B)higher profits.
• C)higher audit fees.
• D)public trust.

Understand that successful business communication often involves persuasion and achieving specific results.

Recognize the importance of the revision process and feedback in improving business communication quality.

Understand the significance and utility of fixed budget performance reports.

Distinguish between fixed budgets and flexible (variable) budgets.

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Definitions:

Fast-Second Strategy

An approach by a dominant firm in which it allows other firms in its industry to bear the risk of innovation and then quickly becomes the second firm to offer any successful new product or adopt any improved production process.

Gigantic Corporation

A term used to describe extremely large and influential multinational corporations, often with significant power over markets and economies.

Successful Innovations

Novel ideas, products, or technologies that have been successfully developed and accepted in the market, leading to commercial success or widespread adoption.

Monopolistic Competitors

Firms considered monopolistic competitors offer varied, yet somewhat substitutable, products to consumers, enabling them to have some degree of market power in their respective industries.