MATCHING Complete the Following Using the Terms Listed

question 85

Multiple Choice

MATCHING
Complete the following using the terms listed.
-Having _____ means adhering to deeply felt ethical principles in all business situations.

• A)Securities and Exchange Commission (SEC)
• B)Occupational Safety and Health Administration (OSHA)
• C)False Claims Act
• D)integrity
• E)social audit
• F)social responsibility
• G)business ethics
• H)sexual harassment
• I)code of conduct
• J)conflict of interest
• K)Product liability
• L)postconventional stage
• M)Regulation FD
• N)Whistle-blowing
• O)green marketing

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Definitions:

Perfectly Elastic

Describes a situation where the quantity demanded or supplied responds infinitely to changes in price.

Demand Schedule

A table listing various quantities of a good or service that consumers are willing to purchase at different price levels, illustrating the relationship between price and quantity demanded.

Price Taker

A seller (or buyer) that is unable to affect the price at which a product or resource sells by changing the amount it sells (or buys).

Price Maker

A market participant that has the power to influence the price of a product or service by controlling its supply, its demand, or both.