Small Businesses Have a Number of Responsibilities to Their Investors

question 143

Multiple Choice

Small businesses have a number of responsibilities to their investors including:

• A)selling a high-quality product at a reasonable price.
• B)observing all government requirements for product manufacture.
• C)earning the lowest profits at the highest cost of production.
• D)providing an attractive return on their investments.

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Definitions:

Equal Percentage Increase

A situation where all variables increase by the same proportionate rate.

Average Costs

The total cost of production divided by the number of goods produced, representing the cost per unit of output.

Diseconomies of Scale

The situation in which a firm's long-run average costs begin to increase as the firm expands output beyond a certain point.

Student Enrollment

The process by which students register for and commit to participating in educational programs or courses at an institution.