Which of the Following Is Considered One of the Major

question 222

Multiple Choice

Which of the following is considered one of the major factors that influences an individual's personal moral philosophy and ethical behavior?

• A) organizational structures
• B) societal culture and norms
• C) national and local legislation
• D) the strength and stability of political parties
• E) a nation's moral philosophy

---

Definitions:

Income

Money received, especially on a regular basis, for work or through investments.

Quantity Demanded

Refers to the amount of a good or service that consumers are willing and able to purchase at a given price over a specified period of time.

Price Elastic

Refers to the sensitivity of the demand for a product in response to changes in its price.

Total Revenue

The total amount of money received by a company from its sales of goods or services.