Which of the Following Is Not a Government of Canada's

question 53

Multiple Choice

Which of the following is not a Government of Canada's stated value for the government employees dealing within the public sector?

• A)Respect for people.
• B)Integrity.
• C)Stewardship.
• D)Respect for teamwork.
• E)Respect for democracy.

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Definitions:

Long Run

In microeconomics, a period of time long enough to enable producers of a product to change the quantities of all the resources they employ, so that all resources and costs are variable and no resources or costs are fixed.

Production Plant

A facility or set of facilities where goods are manufactured or assembled primarily from raw materials.

Economic Profit

The return flowing to those who provide the economy with the economic resource of entrepreneurial ability; the total revenue of a firm less its economic costs (which include both explicit costs and implicit costs); also called “pure profit” and “above-normal profit.”

Accounting Costs

The explicit costs of running a business, such as wages, rent, and materials, recorded in the financial statements.