Profit Can Be Maximized Only Where Marginal Revenue Equals

question 204

Multiple Choice

Profit can be maximized only where marginal revenue equals

• A)average cost.
• B)total cost.
• C)marginal cost.
• D)average cost

Analyze the relationship between investment in essential skills training and productivity, absenteeism, and turnover.

Comprehend the specific benefits of essential skills training for employees.

Understand the legal and operational requirements for specialized training such as health and safety, and ethics.

Identify best practices in organizational training programs to improve ethical behavior, diversity inclusion, and harassment prevention.

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Definitions:

Limited Liability Company

A business structure in the United States that provides its owners with limited liability while allowing the benefits of pass-through taxation.

Guarantees Payment

Refers to the assurance provided by one party to another that payment will be made according to the agreed terms and conditions.

Personally Liable

Being directly responsible for the fulfillment of an obligation or the compensation of a loss, often in a personal capacity rather than corporate.

Wrongful Acts

Actions that are illegal or immoral, causing harm or damage to others.