As a Manager,when Faced with Ethical Crises You Should

question 21

Multiple Choice

As a manager,when faced with ethical crises you should

• A) focus on issues most relevant to stockholders.
• B) wait for the other party to make the first move.
• C) take the initiative to address the problem.
• D) cover up as much as possible.

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Definitions:

Cost Of Capital

The rate of return a company must earn on its project investments to maintain its market value and attract funds.

Cost Of Labor

The total amount of wages and benefits paid to employees for their work.

Isocost Line

A graph that shows all possible combinations of capital and labor that can be purchased for a given total cost.

Total Cost

The total amount of all costs associated with the creation of goods or services, encompassing both constant and changing expenses.