Financial value of the firm increases when the firm generates economic returns, in the context of its desired social engagement, in excess of its __________. Group of answer choices a. Fixed costs b. Cost of capital c. Variable costs d. Opportunity costs
Financial value of the firm increases when the firm generates economic returns, in the context of its desired social engagement, in excess of its __________. Group of answer choices a. Fixed costs b. Cost of capital c. Variable costs d. Opportunity costs
Chapter7: Production And Cost In The Firm
Section: Chapter Questions
Problem 1.3P
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4. Financial value of the firm increases when the firm generates economic returns, in the context of its desired social engagement, in excess of its __________.
Group of answer choices
a. Fixed costs
b. Cost of capital
c. Variable costs
d. Opportunity costs
5. David was having a heated argument with Sue that the business should consider more than shareholders when making it business decisions. David was reflecting
Group of answer choices
a. Profit maximization
b. Stakeholder theory
c. The learning curve
d. Microeconomics equilibrium
6.
In the short run, a firm’s decision to shut down should not take into consideration
Group of answer choices
a. Fixed costs
b. Marginal costs
c. Variable costs
d. Avoidable costs
7. According to the “Shared Value” article by Porter and Kramer, which of the following is NOT a key principle in developing a shared value approach within a firm?
Group of answer choices
a. Enabling local cluster development
b. Reconceiving products and markets
c. Redefining productivity in value chains
d. Engaging employees in determining societal approaches
Expert Solution
Step 1
The value that in turn determines the well-being and health of a firm during the long run depicts the business value of the firm.
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