In This Book, the Authors Focus on _____________ Factors Because

question 32

Multiple Choice

In this book, the authors focus on _____________ factors because ____________:

• A) individual; these factors are the main determinant of unethical behavior
• B) organization; these factors can be directly controlled by managers
• C) individual; a few "bad apples" spoil it for the rest of us
• D) organization; these factors are particularly important in unambiguous situations

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Definitions:

Profit-Maximizing

How a corporation figures out the most profitable price and volume of production.

Output

The total amount of goods or services produced by a firm or economy.

Total Revenue

The total amount of money a company receives from its business activities before any expenses are subtracted, calculated by multiplying the price per unit by the quantity sold.

Total Cost

The complete cost of production, including both fixed and variable costs.