_____ Are Extra Fees Paid by Consumers for Violating the Terms

question 81

Multiple Choice

_____ are extra fees paid by consumers for violating the terms of purchase agreements.

• A) Decoy fees
• B) Misuse discounts
• C) Punitive fees
• D) Consumer penalties
• E) Financial judgments

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Definitions:

Majority Rule

A decision rule that selects alternatives which have a majority, that is, more than half the votes.

Median Voter Theorem

A political science theory suggesting that the outcome of a majority-vote election is most likely to represent the preferences of the median voter.

Majority Rule

A decision-making process where the choice supported by more than half of the members in a group is accepted or becomes the decision.

Median Voter Theorem

A theory suggesting that a majority rule voting system will select the outcome most preferred by the median voter.