Which of the Following Principles Are Not Consistent with the Behavioral

question 22

Multiple Choice

Which of the following principles are not consistent with the behavioral standards advocated by the United Nations' Global Compact

• A) businesses should uphold the freedom of association and the legal right of collective bargaining.
• B) businesses should support a precautionary approach to environmental challenges.
• C) businesses should work against all forms of corruption, including bribery and extortion.
• D) businesses should comply with their legal duty to act in the best interests of their shareholders and maximize profitability.

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Definitions:

Marginal Cost

The price of creating an additional unit of any given product or service.

Profit-Maximizing Monopoly

A monopoly that adjusts its output level to where marginal costs equal marginal revenues to achieve the highest possible profit.

Additional Unit

In economics, refers to the next item or unit of production, used in analyzing the costs and benefits of producing one more unit of a good or service.

Average Total Cost

The total cost of production (fixed plus variable costs) divided by the total quantity produced, representing the cost per unit of output.