Which of the Following Is the Closest Example of Block

question 44

Multiple Choice

Which of the following is the closest example of block pricing?

• A)An airline providing discounts to its frequent-flyers as they fly more
• B)At an auction of antique furniture,each piece of furniture is sold to the highest bidder
• C)A golf-club imposing a very high entry fee to reduce membership requests
• D)An electric utility charging higher rates to the customers in the summer season than in the winter season

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Definitions:

Evolution

The process by which different kinds of living organisms are thought to have developed and diversified from earlier forms.

Stimuli

External factors or events that elicit a response from a biological organism.

Learning

The acquisition of knowledge or skills through experience, study, or by being taught.

Cognitive Factors

Mental processes such as perception, memory, judgment, and reasoning that influence behavior and emotion.