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The airline industry is characterized by a few large sellers of products that are not identical but are close substitutes for each other, high barriers to entry, and the actions of one seller can affect sales and prices of competitors. Which of the following strategies is most appropriate for this type of competition? The type of competition described is called oligopoly. Airlines should match the prices of competitors, but should also work to distinguish their products from those offered by competitors. This describes a monopolistic type of competition Since the competing products are are commodities, airlines should minimizing production costs and offer the lowest price in the market. halani and Jeremy have considered starting their own business. They are concerned about the protecting their personal assets in the event that the business fails or is sued. Which forms of business will protect their personal assets? Select all that apply. limited partnership, whey they are both limited partners C-corporation sole proprietorship LLC S-corporation The Important Business Machine Company is a manufacturing company has been in existence for almost 100 years. During that time the company has developed a reputation for acting in an ethical manner. Which of the following actions might harm its reputation as an organization with high ethics? An IBISWorld report indicating that the company's market share declined in the past 24 months. An article is released in Business insider that that asserts that the company has aid shareholders dividends that are 5% lower than the industry average. O A financial analyst report indicating that the company increased gross profit by reducing spending on pollution controls (i.e. activities and equipment to reduce pollution). A statement on the company's website indicating that the company provides training for employees to further develop their professional capabilities, Tim has started a new position with his dream company! Per his work agreement, Tim has to work for 6 months before he is eligible to take a paid vacation day. He has four months to go before taking vacation. Tim also has 6 paid sick days. The sick days are to be used when employees are too ill to work. They allow the employee to recover while still being paid. Some of Tim's friends are going on a weekend trip to Las Vegas in three weeks. The flights are inexpensive and he can share a hotel room with a friend. It will be a fun trip! Tim decided to call in "sick" to his job in order to go on the trip with his friends. He had a great time! However, a friend posted pictures of the trip on a social media site that, eventually, led to Tim's supervisor finding out that Tim called in sick when he was not. Which moral value was violated by Tim's actions? Honesty O Showing respect for human life Putting the company's goals ahead of one's own goals when making decisions on behalf of the company. EpiPen is a life-saving medication that can halt a severe allergic reaction. More than 3.5 million Americans are prescribed the EpiPen each year. Many of the users of EpiPens are children. Mylan purchased the rights to produce and brand the EpiPen in 2007. At that time, the price of the EpiPen was about $100 for a two-pack. After acquiring the product, Mylan raised the price of the EpiPen by 488% so that the price in 2016 was just over $600 for a two-pack, placing out of financial reach of some people. Simultaneously, Mylan worked to increase demand for the EpiPen. When asked why the price was increased so much, Heather Bresch, stated the following in an interview with CBS News on January 27, 2017 "Because we realized there was an unmet need. ... And so we made a conscious decision, the board, we put a business plan together to invest, to build public awareness and access." By 2016, the public outcry against the price increases was very high. The public outrage was so great that Ms. Bresch was required to justify the pricing of this product in a Congressional hearing, (There was no related shortage or crisis present at the time of the events in this scenario.) Which of the following were true of the Mylan EpiPen situation? Select all that apply. It was considered illegal and unethical for a company to raise the price of a product in the way Mylan did. It was considered illegal, but not unethical, for a company to raise the price of a product in the way that Mylan did. It was considered unethical, but not illegal, for a company to raise the price of a product in the way that Mylan did