If a Restaurant Charges More at Its Downtown Location Than

question 60

Multiple Choice

If a restaurant charges more at its downtown location than at its restaurant in the suburbs, this is known as price discrimination by:

• A) age.
• B) product branding.
• C) sales, specials, and coupons.
• D) location.

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Definitions:

Glass-Steagall Act

A law enacted in 1933 to separate commercial banking from investment banking, aimed at reducing conflicts of interest and preventing future financial crises.

Credentialed Public Accountant

A licensed accounting professional who has met certain education and experience requirements and passed a qualifying exam.

Professional Accountant

An individual who is certified to practice accounting and is held to a set of standards by a regulatory body.