10 The correct answer is D The economic model of social responsibility states

10 the correct answer is d the economic model of

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10. The correct answer is (D). The economic model of social responsibility states that social responsibility is not a firm’s goal, but rather that it should be left in someone else’s hands. 11. The correct answer is (B). A conflict of interest often occurs when someone is not able to make an objective decision. 12. The correct answer is (C). When an employee has a complaint about an employer’s hiring practices, the employee should file a complaint with the EEOC. 13. The correct answer is (A). Structured interviews ask the same questions of each candidate. This leads to an easy comparison of potential employees. 14. The correct answer is (B). Wage structure determines how an employee is paid. 15. The correct answer is (A). A management development program is a method of developing managers inside the company and preparing them for promotions. If internal recruiting has provided the company with poor management, then its management development program is lacking. 16. The correct answer is (A). The Taft-Hartley Act lists unfair labor practices that unions are forbidden to use. 17. The correct answer is (D). Increasing domestic inflation would not cause a decline in union membership. 18. The correct answer is (C). A closed shop is one in which all employees are union members and must join upon being hired. POSTTEST Dantes/DSST Program 185 19. The correct answer is (A). A company that produces more with labor than any other factor of production is referred to as laborintensive. 20. The correct answer is (D). Basic research is aimed at discovering knowledge, not its potential uses. 21. The correct answer is (C). Form utility is that which is added by transforming raw materials into finished goods. 22. The correct answer is (B). Risk management is not a major function of marketing. 23. The correct answer is (A). Relationship marketing is a strategy used to encourage brand loyalty. 24. The correct answer is (A). Capital goods are those that are purchased to aid in the construction of other goods. A market that sells products used to aid in the construction of other products is referred to as a producer market. 25. The correct answer is (D). The marketing strategy of individual branding occurs when a firm produces products and advertises them as separate brands. 26. The correct answer is (C). A company does not seek modification through pricing. 27. The correct answer is (B). Break even where TR 5 TC TR 5 P~Q! TC 5 TFC 1 TVC TVC 5 VC~Q! P~Q! 5 FC 1 VC~Q! 4.2Q 5 9,500 1 1.7~Q! 2.5Q 5 9,500
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Q 5 3,800 28. The correct answer is (D). The primary functions of product modification are quality, function, and aesthetics. 29. The correct answer is (C). Comparative advertising is usually based on information gleaned from a scientific study. 30. The correct answer is (B). Selective advertising is designed to sell a particular brand of a product. Primary demand advertising is designed to sell a product but not a particular brand of that product.
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