Lucas Is a Business Manager for Manufacturing Co

question 46

Multiple Choice

Lucas is a business manager for Manufacturing Co. Ethical dilemmas that Lucas is not likely to encounter include deciding

• A) how to structure company meetings.
• B) application of safety standards.
• C) compliance with environmental regulations.
• D) to handle rude interactions between employees. .

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Definitions:

Cream Skimming

The practice of selectively choosing the best or most profitable customers, clients, or opportunities, often leaving less desirable ones for others.

Import Substitution

A development strategy that emphasizes domestic manufacturing of products that were imported.

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount they actually pay.

National Security

National security involves the safety and defense of a nation, including its citizens, economy, and institutions, protected against threats ranging from terrorism to foreign invasions.