Managers Are Responsible for Which of the Following

question 13

Multiple Choice

Managers are responsible for which of the following?

• A) Guaranteeing that the company is profitable
• B) Creating an environment that encourages working long and productive hours
• C) Enforcing local regulations
• D) Setting a tone of ethics

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Definitions:

Economic Problem

The challenge of limited resources to meet unlimited wants and needs of society.

Capital Goods

Long-lasting goods purchased or used by businesses to produce goods or services and not intended for final consumption.

Consumer Goods

Products and services that are consumed by individuals or households to satisfy their needs or wants.

Producing

The process of creating, manufacturing, or constructing goods and services for consumption or use.