Related to the Economics in Practice on Page 9: a Study

question 210

Multiple Choice

Related to the Economics in Practice on page 9: A study on the effect of roommates on college grades found that there were strong roommate effects on grade point average, effort in school, and fraternity membership. Which of the following is an example of a normative statement concerning this study?

• A) The effects of roommates on grade point average are strong.
• B) The effects of roommates on effort in school are strong.
• C) The effects of roommates on fraternity membership are strong.
• D) In order to maintain a high grade point average, students should only choose roommates who have a high grade point average.

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Definitions:

Potential Hazards

Possible sources of danger or harm that may arise from activities, processes, or conditions.

Marketing Ethics

The area of applied ethics which deals with the moral principles behind the operation and regulation of marketing.

Ethical Culture

The set of shared attitudes, values, goals, and practices that characterizes an institution or organization, specifically regarding moral and ethical issues.

Ethical Code of Conduct

A set of guidelines designed to outline acceptable behaviors and practices for individuals and organizations.