In a For­profit Organization, It Is the Primary Objective of the to Oversee

question 41

Multiple Choice

In a for­profit organization, it is the primary objective of the to oversee the organization's business activities and management for the benefit of shareholders, employees, customers, suppliers, and the community.

• A) negotiator
• B) board of directors
• C) corporate ethics officer
• D) corporate compliance officer

---

Definitions:

Total Variable Cost

The sum of all costs that vary with output level, including materials, labor, and other costs that increase with production volume.

Relevant Range

The range of activity within which the assumptions about fixed and variable cost behavior are valid.

Average Costs

The total costs (fixed and variable) divided by the total quantity produced, representing the cost per unit of production.

Merchandise Purchases

The procurement of goods for resale, typically in a retail or wholesale environment, not involving the manufacturing process.