Which of the Following Statements About Consumer Ethics Is Most

question 93

Multiple Choice

Which of the following statements about consumer ethics is most accurate?

• A)Consumer complaints about online auction fraud outnumber all reports of online crime.
• B)The cost to marketers of unethical consumer behavior is negligible in terms of lost sales.
• C)The potential cost to marketers of unethical consumer behavior is dramatically reduced by investing in loss prevention training.
• D)Retailers lose about $1 million a day from shoplifting.
• E)At some point,every person shoplifts or participates in an unethical exchange;to retailers,it is simply the cost of doing business.

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Definitions:

Goods and Services

Physical items (goods) and activities provided by others for use or consumption (services).

Quantity Equation

An equation that relates the money supply, its velocity (rate at which money is exchanged), and the price level of goods and services in an economy.

Changes Hands

An expression referring to the act of transferring ownership of something from one person or group to another.

Overall Prices

Overall prices refer to the general level of prices for goods and services in the economy, often assessed through indicators like the Consumer Price Index (CPI).