Ethical Listening Means

question 107

Multiple Choice

Ethical listening means:

• A)agreeing with the ideas in the message.
• B)being positively influenced by an expert speaker.
• C)being quiet and polite.
• D)giving respect to the speaker,whether we agree or not.
• E)refusing to be persuaded by a multi-sided argument.

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Definitions:

Long-Run Equilibrium

is an economic condition where all inputs and outputs in a market are fully adjusted to any changes, leading to a stable state of operations over time.

Profit

The financial gain obtained when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Competitive Return

The earning or return that an investment generates, over and above the risk-free rate, due to its competitive advantage.

Economic Profit

The difference between total revenue and total cost, including both explicit and implicit costs.