The Elements of _____ Important to Business Transactions Have Been

question 47

Multiple Choice

The elements of _____ important to business transactions have been defined as trust, self-control, empathy, fairness, and truthfulness.

• A)egoism
• B)utilitarianism
• C)deontology
• D)moral philosophy
• E)virtue

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Definitions:

Proportionate Costs

Expenses that vary in relation to the level of activity or volume of output in a business, similar to variable costs.

Wholesale Costs

The price charged for goods or materials when sold in large quantities to retailers or other businesses, as opposed to retail prices charged to consumers.

Overhead Expenses

Costs not directly tied to the production of goods or services but necessary for running a business, such as rent and utilities.

Fraction Form

A mathematical expression representing the division of one quantity by another.