Question
Which of the following is true for income elasticity of
demand? (1) It measures the responsiveness of quantity demanded of a good with respect to consumers' income (2) It is calculated by dividing percentage change in quantity demanded by percentage change in consumer incomeSolution
The correct answer is C
What does the term "due diligence" refer to in the context of business ethics?
How can organizational structure facilitate ethical leadership?
 In what way does the principle of good citizenship contribute to ethical business practices?
Why is ethical behavior important for businesses in customer relations?
What does the autonomy principle emphasize?
What does temperance entail in personal behavior?
How can unethical practices impact a business's reputation and trust?
What is a limitation of solely relying on emotional intelligence in decision-making?
What leadership style involves giving employees a high level of independence and decision-making authority?
What is the primary purpose of the "Golden Rule" in ethics?
