Which of the Following Statements About a Flexible-Price Policy Is

question 51

Multiple Choice

Which of the following statements about a flexible-price policy is most accurate?

• A)A flexible-price policy is especially suited to low cost items where profit margins are usually large.
• B)A flexible-price policy should be avoided with large ticket items such as cars or real estate.
• C)When using a flexible-price policy, the seller may risk violating the Robinson-Patman Act.
• D)Flexible pricing may result in race and gender discrimination.
• E)Sellers have little discretion when setting prices; the flexibility is primarily the function of the manufacturer.

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Definitions:

Primitive Data Types

Basic types of data built into a programming language that represent simple values like integers and booleans, not objects.

Actual Parameters

The actual values or expressions passed to a function or method when it is called, as opposed to the formal parameters defined in the method signature.

Modifier

A keyword in programming languages that you use to specify the properties of an attribute, method, or class, such as public, private, or static.

Specify

To specify means to identify something clearly and explicitly.