Megan Was Hiring Several People for an Opening in the Company

question 29

Multiple Choice

Megan was hiring several people for an opening in the company. She had a few basic questions to ask but was unsure if the answers were telling her if the candidate would be a good fit. Before she interviews anyone else, it would be BEST for her to ________ in order to determine which candidates would be a good fit.

• A) identify the tasks she will need the employees to do
• B) decide the most efficient way to train who she hires
• C) obtain IQ test results from all prospective candidates
• D) check the references of all candidates

Know federal consumer credit laws and their protections for consumers.

Appreciate the importance of comparing financial terms and recognizing consumer rights in credit and loan situations.

Understand how to calculate debt-to-equity ratio and its implications.

Identify the characteristics and understand the use of stored-value cards.

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Definitions:

Price Discrimination

Charging different prices to different consumers for the same good.

Price Fixing

An illegal agreement among competitors to set, raise, or lower prices to predetermined levels, thereby undermining free market competition.

Deadweight Loss

A loss in economic efficiency that can occur when equilibrium for a good or service is not achieved or is not achievable.

Price Ceiling

A government-imposed limit on how high the price of a product can be, intended to protect consumers from high prices.