The Boxed Material Entitled Reaching Beyond Our Borders That Told

question 250

Multiple Choice

The boxed material entitled Reaching Beyond Our Borders that told the story about Joe, the telecommunication employee, suggests that U.S. firms operating overseas are

• A) not as flexible on social issues as local employees would like them to be.
• B) exploiting employees by working them long hours at low pay.
• C) complying with the ethical standards of the people they employ, in the countries in which they are operating.
• D) responding to their stockholders' desire for profits.

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Definitions:

Monopolist

A single seller in a market with no close substitutes for the product or service they offer, leading to significant control over prices and output.

Marginal Cost

The added expense from the production of one additional unit of a product or service.

Economies of Scale

The cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale as fixed costs are spread out over more units.

Profitable

A financial status where the income or revenue generated exceeds the costs or expenses, resulting in a financial gain.