William Lever, One of the Founders of Unilever, Is Known

question 46

Multiple Choice

William Lever, one of the founders of Unilever, is known for ______.

• A)promoting women in management positions
• B)reducing the environmental impact of company products
• C)sourcing agricultural materials sustainably
• D)creating soap to encourage cleanliness and reduce infectious disease

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Definitions:

Economic Profits

Profits calculated by subtracting both explicit (direct payments) and implicit (opportunity) costs from total revenues.

Market Price

The ongoing selling or buying rate for an asset or service in a certain market.

Satisfier Factors

Elements related to the nature of the job itself, such as achievement, recognition, and work itself, that lead to job satisfaction.

Two-Factor Theory

A psychological theory proposed by Frederick Herzberg that suggests job satisfaction and dissatisfaction arise from two different sets of factors: motivators and hygiene factors.