Which of the Following Is Not a Requirement of a "Qualified

question 7

Multiple Choice

Which of the following is not a requirement of a "qualified employee discount"?

• A) The employee discount on goods is not greater than employer's average gross profit.
• B) The discount on services doesn't exceed 20 percent of the price offered to customers.
• C) The discount can be elected up to five times annually.
• D) The discount relates to goods or services of the employer.

Understand the basic principles of behavioral economics and how they differ from neoclassical economics.

Recognize the role of heuristics in decision making, including their benefits and drawbacks.

Identify various behavioral biases and their effects on economic decision making.

Understand the significance of impulse buying and its impact on economic models.