What is the role of self-governing professional bodies?

Geoff customizes Trek trail bikes. No two bikes are alike. He notices that very few customers even ask the price of his trail bikes before they decide to purchase them. Demand for his trail bikes is probably

A) price sensitive.
B) price elastic.
C) price inelastic.
D) income elastic.
E) cross-price elastic.

Which of the following is not a piece that makes up the infrastructure of social media's techno-social system?

A) The participants.
B) Social channels and vehicles.
C) Backchannels.
D) Software.
E) The devices.

The manager of a firm operating in a competitive market can ignore sunk costs when making business decisions.

Under the general law of contracts,an option contract holds an offer open for an agreed period of time,regardless of whether there is sufficient legal consideration.

Which of the following most accurately indicates the forms of positive reinforcement that have been found to be effective for organizational behaviour modification?

A) Money and feedback but not social recognition
B) Money and social recognition but not feedback
C) Social recognition and feedback but not money
D) Only money
E) Money, feedback, and social recognition