Which of the Following Explains Why It Is Typically Easier

question 84

Multiple Choice

Which of the following explains why it is typically easier to maintain a cartel in a natural resource than in a manufactured good?

• A) Natural resources are usually more valuable than manufacturing goods.
• B) Natural resources are only found in certain places.
• C) Manufacturing goods are hard to replace.
• D) Supply of natural resources tends to be more elastic than supply of manufacturing goods.

Understand cost allocation methods (direct, step-down, and reciprocal) and their application.

Analyze the implications of cost allocations on product profitability.

Differentiate between joint costs, common costs, and additional processing costs.

Apply cost allocation methods to different scenarios to understand how it affects decision making.

---

Definitions:

Stereotyping

The act of assigning identical characteristics to any person in a group regardless of the actual variation among members of that group.

Social Scripts

Prescribed behaviors and expectations for individuals within specific social situations or roles, guiding how people should act and interact in various contexts.

Cognitive Dissonance

The mental unease felt by a person who simultaneously possesses multiple conflicting beliefs, ideas, or values.

Social Loafing

The tendency for individuals to expend less effort when working in a group compared to when working alone.