Companies Such as Walmart Are Now Monitoring Not Only the Prices

question 57

True/False

Companies such as Walmart are now monitoring not only the prices its vendors offer for products, but also how those products are made in terms of environmental practices, as well as safety and infrastructure soundness.

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Definitions:

Residual Claimants

Individuals who personally receive the excess, if any, of revenues over costs. Residual claimants gain if the firm’s costs are reduced or revenues increase.

Market Wages

The prevailing pay rates for work in a particular market or industry, determined by supply and demand dynamics.

College Graduates

Individuals who have successfully completed a degree program at a college or university.

Discrimination

Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex, rephrased from employment context to a general context.