A Seed Develops from an

question 9

Multiple Choice

A seed develops from an

• A) ovum.
• B) embryo.
• C) ovule.
• D) ovary.

Understand the definitions and examples of common ethical issues in business such as collusion, copyright infringement, and conflicts of interest.

Recognize the ethical dimensions of business decisions, including the need to evaluate actions as right or wrong.

Identify the importance of honesty, integrity, and virtue in business ethics.

Understand the impact of misleading communications, including fraud, on stakeholders.

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Definitions:

Units

Basic measurements or quantities adopted as standards to express amounts, dimensions, or capacities for various elements or substances in specific contexts.

Marginal Cost

The price rise from the production of an additional unit of a product or service.

Diminishing Returns

A principle stating that as one input in the production process is incrementally increased, there will be a point at which the added output from each additional unit of input will start to decrease.

Diseconomies of Scale

This phenomenon occurs when a firm's production costs per unit increase as it produces more, due to inefficiencies that arise from scaling up operations.