The Primary Insurance Amount (PIA) in Social Security:
A) determines your hospital benefits
B) determines your supplementary medical benefits
C) is based on an average indexed monthly earnings calculation
D) determines your eligibility for benefits
C
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What criteria should the researcher use when deciding whether to use a neutral alternative with dichotomous questions?
What will be an ideal response?
Ken, a buyer for Miller Construction, is willing to sacrifice fewer product variations, fewer delivery locations and less technical support from his supplier in exchange for reduced prices. This is an example of:
a. multisourcing b. target pricing c. procurement orientation d. defeaturing or cooperative pricing
Mary was selling her house. The purchase asked if it had termites and Mary replied in horror, "absolutely not". However, it did have termites
But clever insects that they are, they kept well inside the wood so Mary never saw them and didn't have any idea that they were there. There was no mention of this statement in the contract for sale of the house. Mary's statement is considered in law to be A) an innocent misrepresentation B) a negligent misrepresentation C) a false warranty D) of no consequence because it was not included in the written contract E) of no consequence because she believed that there were no termites and was honestly mistaken
Ed was an independent owner of a chain of TV stores. He successfully got customers into his store by cutting his prices on widely advertised name-brand products in order to sell other products for which he received a bigger profit. When the manufacturers of three of the name-brand products discovered Ed's actions, they agreed secretly to stop selling him their TVs. The three manufacturers:
a. are doing nothing illegal, as they did not get Ed to agree to anything. b. are free to agree not to deal with Ed since the public can go elsewhere and will not be hurt economically. c. can choose either as a group to deal or not to deal with any retailer they want. d. are engaged in a rule of reason violation of the antitrust laws if their action harms competition.