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Questions and Answers
What is the formula for calculating revenue?
What is the formula for calculating revenue?
- Revenue = Price / Quantity
- Revenue = Price + Quantity
- Revenue = Price x Quantity (correct)
- Revenue = (Price x Quantity) / 2
Which of the following is NOT a factor of production or economic resource?
Which of the following is NOT a factor of production or economic resource?
- Machinery (correct)
- Land
- Capital
- Labor
Which principle is NOT part of the six Corporate Social Responsibility (CSR) principles?
Which principle is NOT part of the six Corporate Social Responsibility (CSR) principles?
- Profit maximization (correct)
- Environmental protection
- Fair labor policies
- Truth in advertising
What is the term used for the unauthorized trading of securities by individuals with access to non-public information?
What is the term used for the unauthorized trading of securities by individuals with access to non-public information?
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Which of the following is NOT a form of business ownership mentioned in the text?
Which of the following is NOT a form of business ownership mentioned in the text?
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What is the term used for a situation where a company moves some of its operations to another country to take advantage of lower costs?
What is the term used for a situation where a company moves some of its operations to another country to take advantage of lower costs?
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