All Proposals Should Show the Value and Benefits of the Product

question 35

Multiple Choice

All proposals should show the value and benefits of the product or services being recommended and

• A) include free prizes or other gimmicks.
• B) use easy-to-understand language.
• C) be organized indirectly.
• D) be organized directly.

Understand the concept of opportunity cost and its significance in economic decision-making.

Grasp the notion of marginal analysis and how it is applied to make decisions.

Recognize the role of scarcity in economics and how it necessitates choices.

Apply the economic perspective to analyze individual and societal choices.

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Definitions:

Malicious Prosecution

A tort action based on criminal or quasi-criminal prosecution motivated by ill will toward the accused and lacking reasonable evidential grounds for proceeding.

Qualified Privilege

Exemption from liability for defamatory statements made pursuant to a duty or special interest, so long as the statement was made honestly and without malice and was circulated only to those having a right to know.

Negligence

A failure to behave with the level of care that someone of ordinary prudence would have exercised under the same circumstances, leading to unintended harm.

Actionable Per Se

This term refers to certain acts or statements that are considered inherently harmful and can lead to a lawsuit without the need to prove actual damage or injury.