Suppose the Government Sets a Price Ceiling

question 77

Multiple Choice

Suppose the government sets a price ceiling. Which of the following will result?

• A) The quantity supplied will be greater than quantity demanded.
• B) There will be a shortage.
• C) There will be a surplus.
• D) The quantity supplied will be equal to quantity demanded.

Grasp the fundamental steps and considerations in initiating and conducting an ethics audit.

Understand the triple bottom line concept and its application within the Global Reporting Initiative framework.

Distinguish between the focus areas of ethics audits and social reports.

Appreciate the importance and methods of securing stakeholder input during an ethics audit.

---

Definitions:

Job Satisfaction

The level of contentment employees feel with their job roles, responsibilities, and work environment, which can affect their performance and commitment.

Ethical Issue

A situation or decision that involves a conflict between the perceived correctness of different moral imperatives or ethical principles.

Valued Rewards

Benefits, both tangible and intangible, that are given to employees as recognition for their contributions and performance.

Job Satisfaction

A positive emotional state resulting from the appraisal of one's job or job experiences, contributing to performance and retention.