Discuss the Terms Authority,responsibility,and Accountability,and How They Relate to Ethical

question 40

Essay

Discuss the terms authority,responsibility,and accountability,and how they relate to ethical behavior.

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Definitions:

Revenue Decrease

A decline in the amount of money received from sales or services over a certain period.

Ethanol Imported

Refers to ethanol (a biofuel) that is bought from foreign producers and brought into a country’s borders, often used as an additive in gasoline.

Consumer Surplus

The contrast between the total expenditure consumers are willing to make on a good or service and the total expenditure they actually make.

Producer Surplus

The difference between what producers are willing to sell a good for and the actual price they receive, representing profit.