Which of the Following Is an Example of the "Micro-Macro

question 124

Multiple Choice

Which of the following is an example of the "micro-macro dilemma?"

• A) A homeowner purchases a ladder but falls off it because he didn't set up the ladder according to the safety instructions posted on it.
• B) A person gets a speeding ticket because she was talking on her cell phone while driving and didn't notice a speed limit sign.
• C) A person drives without fastening his seat belt even though a warning light and chime remind him to "buckle up."
• D) A person is injured while using a power lawn mower because of a small stone that is hurled from the discharge chute.
• E) A restaurant owner uses plastic containers to keep "take-out" food warm for customers, but the containers cannot be reused or recycled.

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Definitions:

Base Year

A specific year or period selected as a reference point for comparison with subsequent years or periods in financial and economic analyses.

Net Income

The amount of earnings left after all expenses, including taxes and interest, have been deducted from total revenue; it represents the profit a company makes.

Acid-Test Ratio

A financial metric that measures a company's ability to pay off its current liabilities with its quick assets.

Current Ratio

A metric used to evaluate a corporation's capability to meet obligations that are short-term or due within a year.