Seamus Sells Office Supplies

question 11

Multiple Choice

Seamus sells office supplies.He recently called on a customer who was trying to select a photo to go on its fall catalogue.The customer wanted to look at the ten photos side-by-side and compare them, but his easel would only hold one at a time.Since the walls of the office are made of cinderblock, it was not possible to paste or tack the photos on the wall.It was a problem that occurred every time a new catalogue was issued.After looking at the problem, Seamus said, "I'll be right back." When he returned, he had a roll of cork and a can of cork glue.He and the business owner turned one wall into a giant bulletin board.In this instance, Seamus acted as a:

• A)tactical partner
• B)creative problem solver
• C)low-involvement decision maker
• D)transactional partner
• E)exchange creator

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Definitions:

Tax Increase

A tax increase refers to a governmental decision to raise the amount of tax imposed on goods, services, or income.

Consumers Pay

Consumers pay represents the purchasing activities conducted by individuals or households for goods and services for personal use.

Tax Imposed

Levies set by government authorities on various forms of income, consumption, or transactions, used to fund public services and infrastructure.

Deadweight Loss

An economic inefficiency that occurs when the total welfare in a market is not maximized, resulting from distortions such as taxes, subsidies, or monopolies.