Which of the Following Is a Characteristic of the UN

question 42

Multiple Choice

Which of the following is a characteristic of the UN Global Compact?

• A)It is a standard of business practice that all countries are expected to follow, by law.
• B)It is a set of mandatory rules by which multinational corporations are expected to operate.
• C)It is a body of rules that deals exclusively with fair pricing and customer satisfaction.
• D)It is a voluntary corporate initiative that promotes good corporate citizenship.

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Definitions:

Opportunity Loss

The loss of potential gain when one alternative is chosen over another.

Gross Profits

The difference between revenue and the cost of goods sold before deducting overhead, payroll, taxes, and interest payments.

Payoff Table

A decision-making tool that summarizes the outcomes of different decisions, given various states of nature, in a tabular format.

Optimal Alternative

The best possible choice among various options under consideration, often based on specific criteria or outcomes.