Which of the Following Is Appropriate to Ask on an Application

question 106

Multiple Choice

Which of the following is appropriate to ask on an application form?

• A) whether the applicant has prior arrests
• B) whether the applicant is eligible to be bonded
• C) whether the applicant has ever been in jail
• D) whether the applicant has ever been caught stealing

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Definitions:

Leases

Legal agreements that allow for the use of property or equipment for a specified time in exchange for payment.

Marginal Cost Functions

Mathematical representations or equations that show the cost required to produce one additional unit of output at each level of production.

Profit Maximizing

A strategy or approach used by businesses to increase their profits to the highest possible level by adjusting their production and pricing.

Input Prices

The costs associated with purchasing the raw materials, labor, and other inputs required for the production of goods or services.