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What Are Business Ethics? What Is the Relationship Between Business

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What are business ethics? What is the relationship between business ethics and an ethical strategy?


Definitions:

Fixed Costs

Costs that do not change with the level of production or sales, such as rent, salaries, and loan payments.

Operating Leverage

A measure of how sensitive a company's operating income is to changes in revenue, indicating the degree of fixed versus variable costs.

Fiscal Policy

Government policies regarding taxation and spending to influence the economy.

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