You and Two Friends Are Going Out to Dinner and Are

question 184

Multiple Choice

You and two friends are going out to dinner and are going to one of three restaurants: Amigos, Bongo, or Caliente. You prefer Amigos to Bongo and Bongo to Caliente. One of your friends prefers Bongo to Caliente and Caliente to Amigos. You other friend prefers Caliente to Amigos and Amigos to Bongo. The three of you decide to use majority rule voting to decide which restaurant to visit. If you first have a vote between Caliente and Bongo and then between the winner of that vote and Amigos, then ________ will win. However, if you first vote between Caliente and Amigo and then between the winner of that vote and Bongo, then ________ will win.

• A) Caliente; Bongo
• B) Bongo; Caliente
• C) Amigos; Caliente
• D) Amigos; Bongo

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Definitions:

Conscious Marketing

Emphasizes ethical considerations and the well-being of stakeholders in the marketing process, aiming for sustainable and socially responsible practices.

Economic Value

The worth of a good or service determined by its utility and scarcity, influencing both cost and price.

Overriding Principles

Fundamental rules or theories that take precedence over others in guiding behavior, decision-making, or policy formulation.

Business Ethics

Refers to a branch of ethical study that examines ethical rules and principles within a commercial context, the various moral or ethical problems that might arise in a business setting, and any special duties or obligations that apply to persons engaged in commerce.