Which of the Following Is an Example of an Area

question 87

Multiple Choice

Which of the following is an example of an area of business where use of "questionable" ethics is considered a necessity?

• A) Attracting and sustaining new customers.
• B) Hiring and keeping skilled employees.
• C) Keeping up with competition.
• D) Dealing with firms who use "questionable" ethics.
• E) None of the above.

---

Definitions:

Scrap Value

The estimated resale value of an asset after its useful life is over and it is deemed to no longer be usable for its intended purpose.

Contribution Margin

The difference between sales revenue and variable costs of a product, indicating how much contributes towards covering fixed costs and earning profit.

Fixed Costs

Expenses that do not change with the level of production or sales over a short period, such as rent, salaries, and insurance.

Marginal Costs

The additional cost incurred from producing one additional unit of a product or service.