Evan's Income Is Based on Commissions at Innovative Installers,and His

question 105

Multiple Choice

Evan's income is based on commissions at Innovative Installers,and his income has declined in recent months.As a result,Evans has taken an additional job renting apartments.Although Evans mostly works on weekends,he sometimes shows apartments to clients during the week when he works for Innovative Installers.Which of the following best describes Evans's actions?

• A)Misusing company assets
• B)Accepting bribes
• C)Misrepresentation
• D)Sales puffery
• E)Moonlighting

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Definitions:

Short Run

A time period in economics during which at least one input is fixed and cannot be changed by the business.

Monopolistically Competitive

Refers to a market structure where many firms sell products that are similar but not identical, allowing for some degree of market power in setting prices.

Average Total Cost

Average total cost is the total cost of production divided by the number of units produced, encompassing both fixed and variable costs.

Per-Unit Profit

The profit earned on each unit of a product sold, calculated by subtracting the per-unit cost from the selling price per unit.