When Justin Told His Parents That He Wanted to Learn

question 15

Multiple Choice

When Justin told his parents that he wanted to learn an extracurricular activity,his parent gave him the liberty to choose any activity of his choice.However,they restricted him from choosing dangerous sports like motor car racing.In this scenario,Justin's parents are following the _____ parenting style.

• A)authoritarian
• B)authoritative
• C)neglectful
• D)permissive

---

Definitions:

Reservation Price

The highest amount of money a buyer is comfortable spending on a product or service, representing their limit before withdrawing from a transaction.

Expected Revenue

The predicted amount of money that a business will bring in from its operations or activities, typically within a certain period.

English Auction

A method of auctioning in which bidders publicly submit increasingly higher bids until no higher bid is offered, and the highest bidder wins the item.

Reservation Price

The highest price a consumer is willing to pay for a particular good or service, reflecting the limit of their willingness to purchase.