When a Company's Product Is Nontangible (A Service), Which of the Following

question 4

Multiple Choice

When a company's product is nontangible (a service) , which of the following is no longer a viable option?

• A) hiring permanent employees
• B) subcontracting
• C) inventory
• D) working overtime
• E) increasing normal capacity

Discern the difference between legal and ethical considerations in business decisions.

Define business ethics beyond mere compliance with the law.

Grasp the role of ethics in global business practices.

Comprehend the WH process of ethical decision-making and its application.

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Definitions:

Constant Rate

A fixed percentage or value used in calculations, often assumed in models forecasting growth or decay over time.

Required Rate of Return

The least annual percentage profit that must be earned by an investment to draw interest from companies or individuals into a given security or scheme.

Projected Increase

An estimate or forecast of the amount by which a specific metric, such as revenue or population, is expected to grow over a certain period of time.

Required Return

The minimum rate of return an investor expects or requires from an investment to compensate for its level of risk.