If a Salesperson Significantly Discounted the Price of a Product

question 87

Multiple Choice

If a salesperson significantly discounted the price of a product in order to make a sale that would win a contest, the salesperson would be most likely to breach which of the following ethical principles?

• A)utilitarian principle
• B)distributive justice
• C)individual rights
• D)procedural justice

Identify social constructs and their impact on development.

Describe the interaction between physical, cognitive, social, and emotional development.

Grasp the influence of socioeconomic factors and family structures on development.

Distinguish between maturation and environmental experiences in development.

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Definitions:

Redistributes Income

The process by which government policies, taxation, and public spending aim to adjust the allocation of income across a society.

Efficiency

describes the extent to which resources are allocated in a way that maximizes the output or outcome, often considering waste minimization and optimal allocation in economic contexts.

Equality

A condition of parity, particularly in matters of status, rights, and chances.

Economic Pie

A metaphorical term indicating the total amount of wealth or resources available for distribution within an economy.