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Pricing Ethics

Total questions: 4

Worksheet time: 2mins

Name
Class
Date
1.

The Antitrust Law states that:

a)

A Company must not monopolize the market

b)

Businesses must not collude to allocate share of the market among themselves.

c)

A company must not conspire to jointly set the price of a product.

d)

All of the above

2.

Which four areas are involved in the guidelines to improve ethical practices in pricing?

a)

The Corporation The Employee

The Market Area

The Consumer

b)

The Education

The Consumer

The Market Area

The Employee

c)

The Employee

The Consumer

The Corporation

The Market Situation

d)

The Consumer

The Corporation The Spectators

The Market Area

3.

Which of the following encourages price fixing

a)

Being specific about ethical rules

b)

No procedure for ethical compliance

c)

People-centered pricing strategy

d)

Good ethical compliance procedure

4.

One of these is not a reason for unethical price behavior

a)

The supremacy of profit-making

b)

Vague corporate policies

c)

Replacing corporate ethics with Law

d)

Well-defined corporate policies