Rewards for Ethical Behavior Can Include

question 61

Multiple Choice

Rewards for ethical behavior can include:
I. Integrity
II. Reputation
III. Higher profits

• A) I, II, and III
• B) I and III only
• C) I and II only
• D) II only

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Definitions:

Fixed Costs

Fixed costs refer to expenses that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.

Total Costs

The aggregate amount of money spent on producing goods or services, covering both stable and changeable costs.

Economic Profit

The discrepancy between a company's overall income and its combined explicit and implicit expenses.

TR

A common abbreviation for Total Revenue, the total income generated from sales of goods or services.