Determine Which, If Any, of the Three Statements Are Equivalent

question 170

Multiple Choice

Determine which, if any, of the three statements are equivalent.
-I. Gasoline costs $1.99 per gallon if and only if you live in Cook County.
II. You do not live in Cook County and gasoline does not cost $1.99 per gallon.
III. If you do not live in Cook County then gasoline does not cost $1.99 per gallon and if gasoline Does not cost $1.99 per gallon then you do not live in Cook County.

• A) I and II are equivalent
• B) I and III are equivalent
• C) II and III are equivalent
• D) None are equivalent

Distinguish between business ethics, marketing ethics, and corporate social responsibility.

Identify key stakeholders in corporate social responsibility and understand their roles and interdependencies.

Evaluate the ethical implications of marketing decisions on society, the environment, and global issues.

Appreciate the role of corporate social responsibility in a company's ethical climate and its impact on society and the environment.

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Definitions:

Net Pay

The amount of money an employee receives after deductions such as taxes and retirement fund contributions are taken out of their gross salary.

FICA Tax Rate

The combined rate for Social Security and Medicare taxes that both employers and employees pay, based on a percentage of employees' wages.

Unemployment Taxes

Taxes that employers are required to pay to the government, which are used to fund unemployment benefits for workers who have lost their jobs.

Overtime Pay

Additional compensation paid to employees for hours worked beyond the standard workweek.