1. Which of the following is not one of the categories in which to classify managerial ethics?

A) Behaviour toward potential customers

B) Behaviour toward employees

C) Behaviour toward the organization

D) Behaviour toward other economic agents

2. Two conditions must exist: (1) all firms in a given industry should be small (2) the number of firms must be large

A) Monopolistic Competition

B) Perfect Competition

C) A monoply

D) An Oligopoly

3- Gross domestic product (gdp) refers to the total value of goods and services produced by a national economy within a given period regardless of where the factors of production are located. (True or False)

4- Inflation results in increased purchasing power the consumer. (True or False)