Leaders Act Irresponsibly When They Fail to ______

question 56

Multiple Choice

Leaders act irresponsibly when they fail to ______.

• A) make reasonable efforts to prevent misdeeds on the part of their followers
• B) engage in destructive behavior
• C) ignore or deny ethical problems
• D) shoulder responsibility for the consequences of their directives

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Definitions:

Marginal Revenue

Marginal revenue is the additional income that is generated by selling one more unit of a good or service.

Marginal Cost

The financial outlay for manufacturing an extra unit of a product or service.

Total Revenue

The total amount of money received by a company for goods or services sold, calculated as the quantity sold multiplied by the price per unit.

Total Cost

Total cost is the complete cost of all factors of production used in producing goods or services, including both fixed and variable costs.