MGT100 HK1 midterm exam
Question 1
Which of the following has NOT been identified as a basic consumer right?
Consumers have a right to safe products.
Consumers have a right to collude.
Consumers have a right to be informed about a product.
Consumers have a right to be heard.
Consumers have a right to choose what they buy.
Question 2
__________ occurs when producers, wholesalers, or retailers respond to increased demand with
extremely high prices.
Price fixing
Gain taking
Price gouging
Recession pricing
Inflation
Question 3
The Ronald McDonald House program is a good example of a(n) _____________ stance to
social responsibility.
accommodative
obstructionist
proactive
Question 1
Which of the following has NOT been identified as a basic consumer right?
Consumers have a right to safe products.
Consumers have a right to collude.
Consumers have a right to be informed about a product.
Consumers have a right to be heard.
Consumers have a right to choose what they buy.
Question 2
__________ occurs when producers, wholesalers, or retailers respond to increased demand with
extremely high prices.
Price fixing
Gain taking
Price gouging
Recession pricing
Inflation
Question 3
The Ronald McDonald House program is a good example of a(n) _____________ stance to
social responsibility.
accommodative
obstructionist
proactive
