________ Responsibilities of Business Are to Produce Goods and Services

question 61

Multiple Choice

________ responsibilities of business are to produce goods and services that society wants at a price that perpetuates the business and satisfies its obligations to investors.

• A)Economic
• B)Legal
• C)Environmental
• D)Philanthropic
• E)Ethical

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Definitions:

Unprofitable Project

A project that generates a financial loss rather than profit for an organization, indicating that expenses exceed revenues.

Profitable Project

A venture or initiative that is expected to result in financial gain, exceeding the costs involved in its execution.

Difference-In-Difference

A statistical technique used to measure the effect of a treatment or intervention by comparing the changes in outcomes over time between a treatment group and a control group.

Free Warranty

A promise or guarantee provided at no extra charge that covers repair or replacement of a product within a specified period.