QUESTION 62 This occurs when a retailer promotes a very low-priced product to en
ID: 376182 • Letter: Q
Question
QUESTION 62
This occurs when a retailer promotes a very low-priced product to engage customers, but then plans to persuade them to buy a higher-priced product instead.
Switch rigging.
Bait and switch.
Bid rigging.
Collusion.
Dump-selling.
1 points
QUESTION 63
Policymakers often face a dilemma or predicament when they vote to extend or lengthen the time period over which unemployment benefits will be paid because
This increase in time causes unemployed workers to suffer psychological problems.
The lowest wage that unemployed workers will accept will decrease.
The amount of crime will rise.
Workers may have greater incentives to delay taking jobs.
1 points
QUESTION 64
A network that connects computer systems and devices within a small area such as an office, home, or several floors in a building is a ____.
Metropolitan area network (MAN).
Personal area network (PAN).
Wide area network (WAN).
Local area network (LAN).
1 points
QUESTION 65
What federal agency enforces employment discrimination legislation?
Equal Employment Opportunity Commission.
Securities and Exchange Commission.
Federal Communications Commission.
Federal Trade Commission.
1 points
QUESTION 66
Interest earned on both the initial principal and the interest reinvested from prior periods is called:
Annual interest.
Simple interest.
Interest on interest.
Compound interest.
1 points
QUESTION 67
A person who may be taken for a native of a foreign country is considered
A natural
A local
A chameleon
A mimic
1 points
QUESTION 68
The demand for insulin is not very responsive to a change in price. That is, the demand for insulin is highly inelastic. Suppose that workers in this industry are successful in negotiating a higher wage from management. As a result,
The price and quantity purchased of insulin will fall, and gross revenues will rise.
Price and quantity purchased will rise, and gross revenues will fall.
Price will fall, quantity purchased will rise, and gross revenues will rise.
Price will rise, quantity purchased will fall, and gross revenues will rise.
1 points
QUESTION 69
Today, to recover under Title VII for sexual harassment, a worker must show:
A loss of benefit such as the loss of a promotion if unwelcome sexual favors are not granted a supervisor (quid pro quo).
An unwelcome hostile or sexually charged work environment.
Both A and B.
Either A or B.
1 points
QUESTION 70
The consideration of and response to issues beyond the narrow economic, technical, and legal requirements of the firm to accomplish social benefits along with traditional economic gains is
Ethics.
Diversity.
Corporate social responsibility.
The 3 P principle.
A.Switch rigging.
B.Bait and switch.
C.Bid rigging.
D.Collusion.
E.Dump-selling.
Explanation / Answer
Q 62:
Option B) Bait and switch
This is done by retailers where a consumer is lured, “bait” by advertisements which shows lower price. When the consumer goes to buy the good is pressurised by the salesmen to look for another alternative which is of higher price, “switching”
Q 63:
Option D) Workers may have greater incentives to delay taking jobs.
Since the government pays the benefits of unemployment, people many times tend to misuse it by not taking up any jobs. Therefore if a policy maker decides to lengthen the time of providing unemployment services people might just keep delaying taking jobs
Q 64:
Option D) LAN – Local Area Network
LAN is a computer network which connects computers in a local area like a building, a university campus, etc. It is done in a smaller geographic area
Q65:
Option A) Equal Employment Opportunity Commission (EEOC)
EEOC enforces the law against discrimination at workplace. It enforces Title VII of Civil Rights Act of 1964
Q 66:
Option D) Compound Interest
Compound interest is earned both on the principle amount and the interest on principle amount. That’s why it is called “compound” interest. It means interest on interest
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