Ryan Is on His Way to Work When He Realizes

question 376

Multiple Choice

Ryan is on his way to work when he realizes he has a flat tire. He swings into Sam's Club and has a new tire installed. Ryan's purchase of a new tire in this situation is considered to be

• A) a shopping good
• B) a convenience good
• C) an unsought good
• D) a specialty good
• E) an industrial good

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Definitions:

Ethical Behavior

Conducting oneself in a manner that adheres to principles of morality and fairness in all aspects of life, including business practices.

Hedonism

Hedonism is the ethical theory that pleasure (in the sense of the satisfaction of desires) is the highest good and proper aim of human life.

Existentialism

Existentialism is a philosophical theory emphasizing individual freedom, choice, and personal responsibility, positing that individuals create their own meaning in life.

Whistle-Blowers

Individuals who expose any kind of information or activity that is deemed illegal, unethical, or not correct within an organization.