Price Discrimination Is the Practice of

question 73

Multiple Choice

Price discrimination is the practice of

• A)charging different prices for the same good when the price differences are not due to differences in cost.
• B)charging different prices for the same good when the price differences arise because of differences in cost.
• C)charging different prices for different qualities of a product.
• D)charging higher prices for brand-named goods and lower prices for generic versions of the goods.

Recognize the dynamic and complex nature of ethical principles and rights.

Appreciate the leadership role in fostering an ethical culture within organizations.

Understand the role of public opinion and social consensus in ethical decision-making.

Identify the influence of external standards and pressures on organizational ethics.

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Definitions:

Unrealised Profit

Profit that has been generated on paper due to accounting entries but has not been realized through cash or other assets.

Retained Earnings

The portion of net earnings not paid out as dividends but retained by the company to be reinvested in its core business or to pay debt.

Cost Of Goods Sold

The total cost involved in manufacturing or acquiring the products that a company has sold during a specific period.

Investment

Allocation of resources, such as capital or time, in anticipation of generating income or profit in the future.