Juanita Has Just Started a Business and Is Using Her

question 190

Multiple Choice

Juanita has just started a business and is using her personal car to deliver goods. The use of her car is an example of

• A) an explicit cost to the business.
• B) an implicit cost to the business.
• C) financial capital.
• D) interest.

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Definitions:

Government Agencies

Organizations operated by the government to enforce laws, administer public policies, and manage public resources.

Group Norms

Shared expectations and rules that guide behavior of people within social groups.

Ethical Behavior

Conduct that is consistent with what society and individuals typically consider to be good values, including honesty, fairness, and integrity.

Corporate Culture

The shared values, practices, and goals that shape the identity and operations of a company, influencing its employees' behavior.