Business executives are more honest that other groups because
A) they serve customers.
B) they serve the market.
C) they are regulated.
D) because they want to earn accounting profits.
A
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Which of the following correctly identifies a problem with price regulation?
A) It minimizes social surplus. B) It minimizes consumer surplus. C) Sellers do not have an incentive to cut costs. D) Government intervention increases deadweight loss.
Conflicts can arise between divisions because
a. Coordination between divisions does not benefit all divisions equally b. managers of profit centers care too little about the effects of their decisions on other divisions c. managers are rewarded only for actions that increase their own divisional profit regardless of their effects on other divisions d. all of the above
Grocery coupons and mail-in rebates are forms of price discrimination
a. True b. False Indicate whether the statement is true or false
Orange juice and cranberry juice are substitute goods. An increase in the price of orange juice results in a(n)
a. increase in the demand for orange juice b. increase in the supply of cranberry juice c. increase in the quantity demanded of orange juice d. increase in the demand for cranberry juice e. decrease in the quantity demanded of cranberry juice