A Business That Takes Steps or Makes an Agreement That

question 35

Multiple Choice

A business that takes steps or makes an agreement that is designed to maintain or control the price of goods is engaging in:

• A)price fixing.
• B)price inflation.
• C)boycotting.
• D)price leadership.

---

Definitions:

Distributive Fairness

Refers to the perceived fairness of outcomes and resource distributions within an organization or social group.

Procedural Fairness

The perceived fairness of the processes and methods used to make decisions and resolve disputes.

Input/Outcome Ratio

is a concept in equity theory that refers to an individual's perception of the fairness of their work input compared to the outcomes or rewards they receive.

Procedural Unfairness

The perception that the processes used to make decisions or resolve disputes are unjust, biased, or lacking in transparency.