In 2002 a Community in the United States Passed a Beautification

question 49

Multiple Choice

In 2002 a community in the United States passed a beautification ordinance (law) prohibiting the placement of indoor furniture outside of homes (e.g. no couches on the porch) . The law represents a conflict between _____ and _____.

• A) the rich; the poor
• B) third parties; market participants
• C) victims; criminals
• D) public goods; private goods

Understand the financial management of benefit plans including cost control mechanisms.

Analyze the importance and methods of benefit audits for organizational efficiency.

Understand the emerging trends in employee benefits and services.

Recognize the role of government in providing health and pension benefits.

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Definitions:

Retail Price

The selling price of goods or services to the end consumer, typically including costs and markup.

Mark-up on Cost

It is the amount or percentage added to the cost price of goods to cover overhead and profit.

Future Shop

A now-defunct Canadian electronics retailer that was absorbed by Best Buy.

Normal Retail Price

The standard selling price of a good or service in the retail market before any discounts or promotions are applied.