Practices Such as Misredeeming Coupons,making Fraudulent Returns of Merchandise,filing Warranty

question 109

Multiple Choice

Practices such as misredeeming coupons,making fraudulent returns of merchandise,filing warranty claims after the claim period,and so on are

• A)acceptable provided the merchant providing the service has not violated the Consumer Bill of Rights.
• B)acceptable provided the salesperson doesn't mind.
• C)occasionally permitted when two different firms are competing for a customer's business and both are using equally less than ethical practices.
• D)not acceptable because consumers have an obligation to act ethically and responsibly.
• E)not acceptable unless the participants are nonprofit organizations or charities.

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Definitions:

Budget Line

The Budget Line is a graphical representation of all possible combinations of two goods that can be purchased with a given income level and prices.

Income Increases

Refers to a rise in the amount of money earned by individuals or households, which can influence their purchasing power and consumption patterns.

Marginal Utility

The supplementary satisfaction or advantage gained upon consuming an extra unit of a good or service.

Football Tickets

Specific passes that allow entry to football (soccer or American football) games.