Intentional Deceit for Personal Gain May Be Unethical but It

question 21

True/False

Intentional deceit for personal gain may be unethical but it does not give rise to liability for fraud.

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Definitions:

Variable Costs

Expenses that vary in relation to the quantity of products or services a company generates.

Fixed Costs

Financial obligations that are stable irrespective of the business's production or sales figures, such as rental payments, salary bills, and insurance.

Selling Price

The cost at which a service or item is made available for purchase by buyers.

Cost Behavior

Refers to how the total costs of production change when there is a change in the level of output.