Which Statement Below Reflects Current Consumer Attitudes Towards Businesses

question 78

Multiple Choice

Which statement below reflects current consumer attitudes towards businesses?

• A) Most consumers believe that as a general rule, businesses follow good practices. It is the few that have been caught that generate the most bad publicity.
• B) Most consumers believe corporate scandals, accounting fraud, and CEO greed are on the decline.
• C) Consumers are leery of big businesses, suspicious of business motives, and are unsure if any company can be trusted.
• D) Consumers believe big businesses cannot be trusted, but small businesses are normally honest and reputable.

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Definitions:

Utility Function

A mathematical representation that defines the level of satisfaction or utility that a consumer derives from consuming certain goods or services.

Consumption

The use of goods and services by households or individuals, leading to the satisfaction of their wants and needs.

Lottery

A method of distributing something (usually money or prizes) among a group of people by lot or by chance.

Interest Rate

The amount charged by lenders to borrowers for the use of money, expressed as a percentage of the principal, usually on an annual basis.