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At the Most Basic Level,a Firm Must Be Profitable

question 61

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At the most basic level,a firm must be profitable. What level of the pyramid of corporate social responsibility is this?


Definitions:

Equality

The state of being equal, especially in status, rights, and opportunities.

Arbitrageurs

Traders who seek to profit from price discrepancies of the same asset in different markets, buying low in one market and selling high in another.

Speculator

Someone who buys or sells foreign exchange in hopes of profiting from fluctuations in the exchange rate over time.

Exchange Rate

How much one currency is worth in terms of crossing over to another currency.

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