__________ Responsibility Exists When an Organization Earns a Profit Through

question 93

Multiple Choice

__________ responsibility exists when an organization earns a profit through the provision of goods and services desired by customers.

• A) Economic
• B) Legal
• C) Ethical
• D) Discretionary

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Definitions:

Services

Useful functions, acts, or performances provided by one party to another, often in exchange for payment.

One Buyer

One buyer refers to a market situation where a single customer or entity has significant buying power or is the sole purchaser of a product or service.

Product

An item or service created through a process and offered for sale to satisfy wants or needs of consumers.

Service

Activities or functions provided by one party to another, often in exchange for payment, that do not result in the ownership of anything.