Which of the Following May Prevent the Creation of a Business

question 79

Multiple Choice

Which of the following may prevent the creation of a business climate conducive to unethical behavior?

• A) excessive emphasis on short-term revenues
• B) failure to establish a written code of ethics
• C) a desire for "quick fix" solutions to ethical problems
• D) consideration of ethics solely as a legal issue or a public relations tool
• E) willingness to take an ethical stand that may impose financial costs

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Definitions:

Returns To Scale

The rate at which output increases as inputs are increased proportionally in the production process.

Input

Resources, materials, or data entered into a system for processing or production.

Production Function

A mathematical representation of the relationship between inputs (such as labor and capital) and the maximum amount of output that can be produced from those inputs.

Factors Of Production

The inputs or resources that are used in the production of goods and services, traditionally categorized as land, labor, capital, and entrepreneurship.