Question: I got a sample examination, could you help me with that please? 1. In 2006, an investigative news program sent a TV reporter with a

I got a sample examination, could you help me with that please?

I got a sample examination, could you help me with that please?

1. In 2006, an investigative news program sent a TV reporter with a perfectly good car into a garage owned by National Auto Repair (NAR). The reporter came out with a new muffler and transmissionand a bill for over $8,000. After the story was aired on national TV, consumers began avoiding NAR, and profit plunged. Who made the bad decision? Did the decision maker have enough information to make a good decision? Did the decision Maker have the incentive to make a good decision? [15 points) 2. To a good means that you want it and can pay for it. [1 point) a. Cost b. Top dollar c. *Value d. Bottom line 3. The biggest advantage of capitalism is that? [10 points) 4. An individual's value for a good or service is: llpoint) a. the amount of money he or she used to pay for a good. *b. the amount of money he or she is willing to pay for it. c. the amount of money he or she has to spend on goods. d. None of the above

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