A Company with a Low Level of Efficiency and Low

question 31

Multiple Choice

A company with a low level of efficiency and low level of effectiveness is most likely to produce:

• A) a product that customers want, but that is too expensive for them to buy.
• B) a product that customers want at a quality and price they can afford.
• C) a low-quality product that customers do not want.
• D) a high-quality product that customers do not want.
• E) a high-quality product that the company makes a profit on.

Recognize the roles and ethical perspectives of managers within an organization.

Identify the limitations and value of codes of ethical conduct in organizations.

Describe the importance and components of ethics training in promoting organizational ethics.

Explain the concept of moral, amoral, and immoral managers and their impact on ethical decision-making.

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Definitions:

Fixed Costs

These are expenses that do not change with the level of goods or services produced by the business within a certain range of activity or over a certain period.

Break-Even

The point at which total costs and total revenues are equal, leading to no net loss or gain.

Variable Costs

Expenses that change in proportion to the activity of a business.

Debt-to-Equity Ratio

A financial metric that shows the comparative ratio of equity to debt employed to fund a company's assets.