Examlex

Solved

Wilbur, a Software Engineer for Megaweapons, Inc

question 33

Multiple Choice

Wilbur, a software engineer for Megaweapons, Inc., a major defense contractor, refuses to attend diversity training because it includes a unit on respecting the rights of homosexual, bi-sexual and transgendered employees. Based on his particular religious faith he refuses to go to the diversity training because he cannot accept homosexuality, bi-sexuality and transgenderism, which he considers to be sinful. He says that he will not be disrespectful to his homosexual, bi-sexual and transgendered co-workers and will pray for them.


Definitions:

Price Ceiling

A legally established maximum price that can be charged for a good or service.

Shortage

A scenario where the market's supply of a specific product or service is outstripped by consumer demand.

Equilibrium Price

The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers, leading to a balance where there is no tendency for the price to change.

Price Ceiling

A regulatory limit placed on the amount that can be charged for commodities and services, to prevent market imbalances.

Related Questions