Which of the Following Statements Describe the Activities of a Whistle-Blower

question 173

Multiple Choice

Which of the following statements describe 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)One of the Mattel Power Wheel cars that caught on fire and slightly burned its rider was owned by a former Mattel employee.
• D)The Consumer Product Safety Commission investigated the fires and ordered a recall for repair of all 10 million units that had been sold.
• E)An employee of Mattel reported to the CPSC that Mattel was knowingly manufacturing an electrical system for Power Wheels that would catch on fire after long use.

Understand economic principles guiding optimal R&D spending and its impact on firm innovation and market competitiveness.

Understand the concept of marginal utility and how it influences consumers' purchase decisions.

Comprehend how changes in production methods affect a firm's cost curves and total product curve.

Identify factors that influence the introduction and success of new products in the market.

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Definitions:

Break-even

The point at which cost or expenses and revenue are equal, resulting in neither profit nor loss.

Long-run Equilibrium

A state in which all factors of production and costs are variable, and firms are making neither excess profits nor losses.

Short-run Equilibrium

Short-run Equilibrium occurs in a market when the quantity supplied equals the quantity demanded at a specific price level, without considering changes in the long run.

Market Participants

Individuals or entities engaging in the buying, selling, or exchange of goods and services in a market.