The ________ Component of Attitude Is Based on Emotions

question 73

Multiple Choice

The ________ component of attitude is based on emotions.

• A) cognitive
• B) behavioral
• C) affective
• D) spiritual

Identify the reasons behind new business failures and strategies for prevention.

Understand the roles and impacts of family businesses.

Identify the characteristics and backgrounds typical of successful entrepreneurs.

Understand the process and importance of succession planning in family businesses.

---

Definitions:

Diseconomies of Scale

The phenomenon where production costs increase as a firm or industry grows, leading to reduced efficiency and higher per-unit costs.

Law of Diminishing Returns

The principle that adding more of one factor of production, while keeping others constant, will eventually yield lower per-unit returns.

Economic Profit

The surplus remaining after deducting both explicit and implicit costs from total revenues, emphasizing a firm's financial performance beyond just its accounting profit.

Accounting Profit

Accounting profit is the monetary gain calculated by subtracting total explicit costs from total revenue.