Explain the six basic rights of consumers. The amount of money ...

Explain the six basic rights of consumers.

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Question 2 - The amount of money that a seller is willing to accept in exchange for a product, at a given time and under given circumstances, is called the
 A) revenue.
  B) income.
  C) discount.
  D) price.
  E) breakeven quantity.

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Question 3 - As a new manager for Sears, Peter is unwilling to delegate work. He realizes that, although he can delegate assignments to others, he cannot delegate his
 A) power to carry them out.
  B) authority.
  C) obligation to see that tasks are completed.
  D) responsibility to carry out assignments.
  E) function to complete tasks.

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Question 4 - An ideal candidate for a job must possess all of the desired qualifications for the position.
 
 Indicate whether the statement is true or false

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Question 5 - Define consumerism. How have the rights of consumers changed since 1930?

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Question 6 - A written explanation of the responsibilities of the producer in the event the product is found to be defective or otherwise unsatisfactory is called a(n)
 A) Universal Product Code.
  B) label.
  C) express warranty.
  D) set of instructions.
  E) covenant.

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Question 7 - Susan was given the responsibility for chairing a campus committee. To complete the delegation process, she should be given the ____ to carry out this responsibility.
 A) duty
  B) subordinates
  C) authority
  D) skills
  E) salary

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Question 8 - A well-written job description gives a prospective employee clear expectations for a job which, ultimately, may lead to retention of that employee.
 
 Indicate whether the statement is true or false

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Question 9 - What would opponents of the socioeconomic model argue to support their position?