Which of the Following Is True of Responding to Rumors

question 55

Multiple Choice

Which of the following is true of responding to rumors?

• A)Negative rumors contain no truth and can be denied instantly without any further investigation.
• B)An effective and fair response requires minimal facts.
• C)A quick response can make up for lack of facts.
• D)Heavy-handedness needs to be avoided in rebuttals.
• E)Rumors die out as quick as they emerge, so it isn't necessary to respond to them.

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Definitions:

Equilibrium Prices

The price at which the quantity of a good supplied is equal to the quantity demanded, leading to market balance.

Consumer Surplus

The difference in the total amount that customers are ready and financially able to invest in a good or service and the amount they truly pay.

Producer Surpluses

The difference between what producers are willing to sell their goods for and the actual price they receive.

Creative Destruction

A concept in economics implying the dismantling of long-standing practices in order to make way for innovation and advancement.