Examlex

Solved

Jessica Lists Her Faulty Treadmill for Sale on Craigslist but Does

question 327

Multiple Choice

Jessica lists her faulty treadmill for sale on craigslist but does not disclose the problems with it. If Blake buys the treadmill believing that it's problem-free, this is an example of market failure due to:


Definitions:

Responsibility Centres

Sections or divisions of a business for which a manager has authority and responsibility, typically including revenue, expense, profit, and investment centers.

Seasonal

Relating to or dependent on a particular season or time of year, often affecting businesses, climate, or activities in a cyclical manner.

Cyclical

Characterized by or subject to cycles, often used to describe economic activities that fluctuate with the overall state of the economy.

Trend Factors

Variables or elements that influence the direction or rate of movements in data over time, often used in forecasting future financial or economic activity.

Related Questions