Entrepreneurs Who Play Too Close to the Edge of Legality

question 44

Multiple Choice

Entrepreneurs who play too close to the edge of legality are in danger of

• A) pushing the limits of the law.
• B) running into conflicts of interest.
• C) using survival tactics.
• D) succumbing to  peer pressure.
• E) N one of these are correct.

Understand the nuances of timing and placement of negative news in messages.

Comprehend the types and responses to crisis situations in organizations.

Learn the significance of positive endings in bad-news messages.

Grasp the concept of counterproposals to maintain future relationships.

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Definitions:

Total Costs

The complete amount of money spent by a business for producing or acquiring goods or services, including both fixed and variable costs.

Economic Profits

Economic profits are the financial gains that exceed the total costs of production, including both explicit and opportunity costs, indicating an above-normal return.

Average Fixed Cost

The fixed costs of production divided by the quantity of output produced; it decreases as production increases.

Short Run

A time period in economics during which at least one input, such as plant size, is fixed and cannot be changed.