The Responsibility to Adhere to Actions That Are Justifiable,even If

question 62

Multiple Choice

The responsibility to adhere to actions that are justifiable,even if they are harmful to society in some way,equates with:

• A) illegal activity
• B) ethical responsibility
• C) unethical activity
• D) economically unsound practice
• E) None of these choices.

---

Definitions:

Own Price Elasticity

Own price elasticity measures the responsiveness of the quantity demanded of a good to a change in its own price.

Market Share

The percentage of an industry's total sales that is earned by a particular company over a specified time period.

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a given period.

Gas Station

A facility where gasoline (petrol) and often other fuels and automotive products are sold to motorists.