Which of the Following Is True of the Business Community's

question 89

Multiple Choice

Which of the following is true of the business community's view about payoffs?

• A) The decision to pay a bribe indicated that the business house had large monetary resources at its disposal.
• B) During the 1970s, the United States had strict laws against paying bribes in foreign countries.
• C) Payoffs are not acceptable means even if it is for business profitability and necessity.
• D) Payoffs are restricted to the multinational companies headquartered in the United States.
• E) Many global competitors perceive payoffs as a necessary means to accomplish business goals.

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Definitions:

Marginal Costs

The charge for generating one more unit of a product or service.

Average Fixed Costs

The total fixed costs of production divided by the quantity of output produced, indicating how fixed costs change with different levels of production.

Marginal Costs

The increase in total cost that arises from an extra unit of production.

Fixed Factors

Inputs in production that cannot be altered in the short term, such as buildings and machinery.