Table 5.2 -Refer to Table 5.2.The Table Above Lists the Highest Prices

question 103

Multiple Choice

Table 5.2
-Refer to Table 5.2.The table above lists the highest prices five consumers are willing to pay for a theatre ticket.If the price of one ticket is $25,

• A)everyone will buy a ticket.
• B)consumer surplus will be maximised.
• C)Anya's consumer surplus is $1.
• D)no one will buy a ticket.

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Definitions:

Ethically Questionable Actions

Activities or decisions that raise concerns regarding their adherence to moral or ethical standards.

Whistle-blowing

Whistle-blowing involves exposing any kind of information or activity that is deemed illegal, unethical, or not correct within an organization.

Social Audits

Formal procedures that identify and evaluate all company activities that relate to social issues such as conservation, employment practices, environmental protection, and philanthropy.

Ethical Awareness Stage

A phase in ethical development where individuals recognize that a situation or decision has an ethical dimension.