Pete,a Quality Company Employee,is Authorized to Use Quality Checks to Buy

question 38

Multiple Choice

Pete,a Quality Company employee,is authorized to use Quality checks to buy supplies.Pete alters one of the checks to increase its $700 amount by $100,and exchanges it at Retail Office Supply for $700 worth of sup?plies and $100 cash.He keeps the cash.On the check,Retail-an HDC-may obtain pay?ment for

• A)$0.
• B)$100.
• C)$700.
• D)$800.

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Definitions:

Marginal Utility

The additional satisfaction or benefit (utility) that a consumer derives from purchasing and consuming an additional unit of a good or service.

Pepsi

A global beverage brand and one of the leading competitors in the soft drink industry, produced and marketed by PepsiCo.

Hamburger

A popular food item consisting of a cooked patty of ground meat, usually beef, placed inside a sliced bread roll or bun.

MUa/Pa

A ratio used in economics to represent the marginal utility of a good (MUa) divided by its price (Pa), indicating the additional satisfaction gained per unit of spending.