According to Holley’s theory, for a sale to be ethical, which of the following
conditions must obtain?
a. Both buyer and seller understand what they are giving up and what they are
receiving in return.
b. Neither buyer nor seller is compelled to enter into the exchange as a result of
coercion.
c. Both buyer and seller are able at the time of the exchange to make rational
judgments about costs and benefits.
d. All of the above
ANS: D
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