The Basic Difference Between Consumer Goods and Capital Goods Is

question 261

Multiple Choice

The basic difference between consumer goods and capital goods is that

• A) consumer goods are produced in the private sector and capital goods are produced in the public sector.
• B) an economy that commits a relatively large proportion of its resources to capital goods must accept a lower growth rate.
• C) the production of capital goods is not subject to the law of increasing opportunity costs.
• D) consumer goods satisfy wants directly, while capital goods satisfy wants indirectly.

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Definitions:

Social Responsibility Strategy

A company's approach or plan to contribute to societal goals, well-being, and sustainable development beyond its financial interests.

Community Involvement

Participation and engagement of individuals in activities and initiatives for the betterment of their local community.

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Areas within a work environment where conflicts, high stress, or increased incidents of misconduct frequently occur.

Moral Obligation

A duty or commitment to act in ways that are considered ethically right and beneficial to the larger community.