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What Is the Process of Minimizing the Harm Caused by the Unethical

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What is the process of minimizing the harm caused by the unethical behavior?


Definitions:

Profit Maximization

The process of identifying the price level and production volume that generate the highest possible profit for a business.

Decision Variables

The choices or alternatives available to decision-makers within a mathematical model or decision-making process.

Objective Function

A mathematical representation of the goal of an optimization problem, often involving maximizing or minimizing some quantity.

Objective Function

A mathematical function that represents the goal or objective of an optimization problem, typically to be maximized or minimized.

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