Which of the Following Statements Is Typically Not True About

question 45

Multiple Choice

Which of the following statements is typically not true about profit?

• A) Products and services requiring highly technical personnel usually require higher profit
• B) Coercing suppliers to lower prices always results in higher profit
• C) Temporary, unfavorable supply-demand factors may force a firm to sell its products at a loss - resulting in no profit
• D) A firm that incurs the risk of manufacturing to its own design is entitled to higher profit than one that does not
• E) In general, supplier profit should not be based on a fixed percentage of the supplier's cost

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Definitions:

Psychosocial

Relating to the interrelation of social factors and individual thought and behavior.

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired; a response that is first elicited by the second stimulus is eventually elicited by the first stimulus alone.

Operant Conditioning

A learning process in psychology where behaviors are influenced by the consequences that follow them, such as rewards or punishments.

Social Order

The set of rules, norms, and structures that govern societies, enabling individuals to live together in harmony and security.