Answered: 1. the identical pricing of cigarettes…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question

1. the identical pricing of cigarettes by the different major tobacco companies that has gone on since the 1930s without explicit agreements or collusion among the companies involved is an example of ___________________________.

a. price discrimination

b. price-fixing

c. tying arrangements

d. price-setting

2. Select the recruitment and selection policy that is likely to raise the least serious ethical challenge:

a. Hiring members of disadvantaged groups with only minimal consideration given to qualifications.

b. Identifying members of previously disadvantaged groups in the pool of candidates who are less qualified than white males and giving them preference in the hiring decision.

c. Giving preference to otherwise qualified but previously disadvantaged candidates.

d. Identifying members of previously advantaged groups in the pool of qualified candidates and giving them preference in the hiring decision.

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