Which of the Following Would Be an Example of an Objective

question 140

Multiple Choice

Which of the following would be an example of an objective in Step 1 of the price-setting process?

• A)We need to set an initial price of $259 per unit.
• B)We need to find the least expensive distributor.
• C)We need to make a profit of at least $1.2 million.
• D)We need to make allowances for large quantity orders.
• E)We need to increase the price during the holiday shopping season.

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Definitions:

Employer Liability

The legal responsibility of employers for the actions of their employees and for ensuring a safe workplace.

Employee Wrongdoing

Actions by an employee that are illegal or unethical, which can harm the employer or other parties and may result in disciplinary action or legal consequences.

Personal Liability

The legal responsibility of an individual to bear the financial costs associated with either their actions or inactions.

Scope of Employment

A legal concept referring to the range of activities an employee is reasonably expected to engage in as part of their job duties.