Which of the Following Practices Is Most Likely to Be

question 60

Multiple Choice

Which of the following practices is most likely to be viewed by both salesperson and customer as unethical?

• A)The salesperson gives the customer a cut glass paperweight with the company's name engraved on it at the end of December.
• B)A salesperson gives a potential customer tickets for front-row seats at a sold-out concert of the potential customer's favorite singer.
• C)The company throws an annual party for its clients at company headquarters that includes a buffet and open bar.
• D)At a software convention,a software sales rep takes its top five clients out for dinner at an expensive steakhouse.
• E)A railway company gives all of its vendors a 20% discount on passenger rail services.

Analyze the relationship between marginal cost and various average costs (total, variable, fixed) in cost behavior.

Interpret cost curves, including their shapes, shifts, and the relationships among them in both short and long runs.

Calculate economic cost, including opportunity costs and sunk costs, in decision making.

Understand the impact of changes in production capacity on cost curves and firm's costs.

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Definitions:

Schizophrenia

A long-term mental disorder characterized by a breakdown in the relation between thought, emotion, and behavior, leading to faulty perception and inappropriate actions.

Pessimistic Explanatory Style

A tendency to interpret and explain negative events as being widespread, persistent, and internally caused, often associated with increased risk for depression and anxiety.

Depression

A mental health disorder characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in activities.

Setbacks

Obstacles or hindrances that delay progress or cause a temporary reversal of fortunes or outcomes.