Alan Is Attentive to Customers When His Supervisor Is Present

question 28

Multiple Choice

Alan is attentive to customers when his supervisor is present but inattentive when his supervisor is absent. In this scenario, Alan's behavior exemplifies _____.

• A)consistency
• B)reliability
• C)validity
• D)reactivity

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Definitions:

Economic Profit

The difference between total revenue and the sum of explicit and implicit costs.

Marginal Revenue

Marginal Revenue is the additional income received from selling one more unit of a good or service.

Market Price

The present cost at which a service or asset is available for purchase or sale in a specific market.

Profit

The financial gain realized when the amount of revenue gained exceeds the expenses, costs, and taxes involved in sustaining the activity.