From an Economic Perspective, When Consumers Leave a Fast-Food Restaurant

question 177

Multiple Choice

From an economic perspective, when consumers leave a fast-food restaurant because the lines to be served are too long, they have concluded that the:

• A) Marginal cost of waiting is less than the marginal benefit of being served
• B) Marginal cost of waiting is greater than the marginal benefit of being served
• C) Management is exhibiting irrational behavior by not maximizing profits
• D) Management is making an assumption that other things are equal

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Definitions:

Ethical Aspects

Refers to the principles and values that govern the behavior of individuals and organizations in regards to right and wrong decisions and actions.

Unethical Practices

Actions or practices that are considered morally wrong, either by violating company policies or broader societal norms.

Moral Managers

Leaders who prioritize ethical standards and values in their decision-making processes, fostering a culture of integrity and ethical behavior within an organization.

Ethics Mindfulness

The practice of being aware and considerate of ethical principles and standards in decision-making and conduct, to ensure integrity and responsibility.