Which of the Following Statements Best Describes the Activities of a Whistle-Blower

question 367

Multiple Choice

Which of the following statements best describes the activities of a whistle-blower?

• A) Mattel employees were sorry that 150 of the 10 million Power Wheels cars and trucks the company sold had caught on fire.
• B) Mattel research engineers proved that the spate of fires in the company's Power Wheels cars and trucks was the result of consumers' tinkering with the engine.
• C) A former Mattel employee owned one of the Mattel Power Wheel cars that caught on fire and slightly burned its rider.
• D) The Consumer Product Safety Commission investigated the fires and ordered a recall to repair all of the 10 million units that had been sold.
• E) A Mattel employee reported to the Consumer Product Safety Commission that Mattel knowingly sold Power Wheels with an electrical system that could catch on fire after prolonged use.

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Definitions:

Purely Competitive

A market structure characterized by many buyers and sellers, free entry and exit, and a homogenous product.

Labor Demand Curve

A graphical representation that illustrates the quantity of labor that employers are willing and able to hire at different wage rates.

Marginal Labor Cost

The additional cost incurred by hiring an extra unit of labor.

Nominal Wage

Nominal wage refers to the wage paid to employees in current money terms, without adjustment for inflation.