A Code of Ethics Especially for Project Managers

question 80

Multiple Choice

A code of ethics especially for project managers:

• A) has been established by the Project Management Institute.
• B) has been formulated by the Federal government.
• C) has been formulated by the World Trade Organization.
• D) is inappropriate, since everyone should use the same guidance on ethical issues.
• E) does not exist at this time.

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Definitions:

MR = MC

The optimal point in economic theory where marginal revenue equals marginal cost, leading to the most efficient level of production.

D = ATC

The condition where a firm's demand curve (D) equals its average total cost (ATC), often used in economic models to analyze firm behavior.

Selling Price

The actual price at which a product or service is sold to the customer.

Quantity

The amount or number of a material or abstract thing not requiring a unit of measurement.