suppose you are a manager of a firm that operates in a duopoly. recently, the state attorney general fined you and your competitor for price fixing. in your market, firms only set prices, not total quantities to sell. from previous experience, you know your competitor has a marginal cost of $ 7.44 .
Answers
To address the price-fixing fine in a duopoly market with a competitor having a marginal cost of $7.44:
Adjust prices to comply with the law.Monitor competitor and adapt.Seek cost reductions.Differentiate your product.Demonstrate compliance and ethics.Communicate commitment to rectify.Seek legal guidance.As the manager of a firm operating in a duopoly, it is essential to address the situation appropriately after being fined for price fixing along with your competitor. In a duopoly, where firms set prices but not total quantities to sell, understanding your competitor's marginal cost is crucial for making strategic decisions. Knowing that your competitor has a marginal cost of $7.44 can help you determine the potential impact on pricing and devise an effective response.
Here are a few steps you can consider taking:
Assess the fine: Evaluate the severity of the fine imposed by the state attorney general. Understand the financial implications it may have on your firm's resources and overall competitiveness.Review pricing strategy: Analyze your current pricing strategy in light of the fine and the market conditions. It may be necessary to adjust your prices to comply with legal requirements and avoid future violations.Analyze demand elasticity: Evaluate the price elasticity of demand for your product to understand how changes in price affect the quantity demanded. This information will help you estimate the impact of price adjustments on market share and revenue.Assess competitor response: Anticipate how your competitor might respond to the fine and potential price adjustments. Consider their market position, pricing strategy, and financial capabilities to gauge their next moves.Consider cost reduction measures: Identify opportunities to reduce your own production costs without compromising quality. This could involve streamlining operations, renegotiating supplier contracts, or implementing efficiency-enhancing measures.Enhance differentiation: Explore ways to differentiate your product or service from your competitor to minimize direct price competition. Focus on unique value propositions, such as superior quality, enhanced features, or exceptional customer service.Compliance and transparency: Emphasize your commitment to legal and ethical business practices. Demonstrate compliance with regulations, transparency in pricing, and fair competition to regain trust from customers and authorities.Communication strategy: Develop a clear communication plan to address the issue internally and externally. Inform your employees, stakeholders, and customers about your commitment to rectify past mistakes and uphold ethical business practices moving forward.Monitor the market: Stay vigilant and closely monitor the market dynamics, including competitor actions, customer preferences, and regulatory changes. Adjust your strategies as necessary to maintain a competitive edge.Seek legal advice: Engage legal counsel to ensure compliance with antitrust laws, understand the implications of the fine, and navigate the complexities of operating in a duopoly.Remember, it is crucial to approach the situation with integrity, comply with the law, and rebuild trust with your stakeholders. By taking strategic and ethical actions, you can work towards regaining a strong market position and sustaining long-term success in the duopoly market.
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Related Questions
What is the steps to make a pencil
Answers
Step One: The wood is softened and cut into slats called "pencil stock" or "pencil squares."
Step Two: A wax and stain are applied and the slats are passed under a cutting wheel.
Step Three: The grooves in the slat are filled with a special elastic glue for the lead.
XYZ, Inc., has 5 million shares outstanding and will issue 1 million shares of new stock through an upcoming rights offering. Regarding the rights offering, a registered representative (RR) should know that A) XYZ will issue 1 million rights. B) the exercise price is generally lower than the current market price at issuance. C) the value of the right will generally increase after the ex-date. D) a shareholder will generally have two to three weeks to exercise the rights.
Answers
Answer:
B) the exercise price is generally lower than the current market price at issuance.
Explanation:
The exercise price refers to the price at which the stock will be sold through the rights offering. The rights offering takes place between existing stockholders and they are given the option to purchase a given amount of stocks, generally proportional to the stocks that they own before the new issuance. The market price of the stocks is the price at which the stocks are sold in open trading markets.
Choose a popular franchise, and visit the company's Web site to learn about its franchising policies. List at least three things you learned, such as costs franchisees must pay, or other rules or requirements. (1-3 sentences. 3.0 points) TIP: Popular franchises include McDonalds®, SUBWAY®, Dunkin' Donuts®, Cold Stone Creamery®, 7-Eleven®, Days Inn®, Great Clips®, Molly Maid®, and many more.
Answers
The popular franchise I chose was Wendy's, a nationwide fast-food restaurant that specializes in hamburgers.
I visited the company's website to learn about its franchising policies, and this is what I learned:
Wendy's costs of franchisees are approximate $5 million.The corporation asks the investor to have that sum of money and about $2 million in assets.I also learned that the sum of money that a business franchise of Wendy's can produce $1.5 million in annual sales.To show real interest in acquiring a franchise, the investor has to pay Wendy's a franchise fee of $40,000. There is also a concept called "application fee" that is approximately $5000. This first payment is needed to start conversations formally.There is also a 4% royalty fee that must be paid on a monthly basis.
We conclude that a Business Franchise is the business modality in which the owner of a Franchise sells its concept of operation to an investor.
In the case of Wendy's, the corporation authorizes the use of its trademarks, logos, and slogans and all the "know-how to operate the franchise.
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Answer:
listen to wise one above.
Explanation:
Why might working on a commission basis make dealing with finances more difficult?
(need a few sentences)
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HELPPPP PLEASE I WILL GIVE YOU BRAINLIST
Suppose you are going to buy a car. How do larger economic factors influence the pursuit of this goal.
Answers
A financial goal that I have is to have a well-paying job as I get out of high school so I can afford to go to a University of my choice. This way I won't be in crippling debt and have to take out massive student loans. However, inflation as well as taxes will influence this. Income taxes will force me to have to give up some of my hard-earned money, which will significantly reduce the amount of money I actually make.
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paying cash to buy stocks or bonds of another company is an example of
Answers
Paying cash to buy stocks or bonds of another company is an example of an investment.
When a person pays cash to purchase stocks or bonds of another firm, it is a type of investment. An investor purchases shares in a corporation with the aim of making a profit from the company's growth. Bonds, on the other hand, are debts that the corporation owes and for which it must repay the investor with interest, and this is frequently done when the bond matures.
The primary distinction between stocks and bonds is that stocks represent ownership in a company, whereas bonds represent debt. Because stocks offer the prospect of higher returns and are considered riskier, they are frequently seen as an investment option. Bonds are frequently used as a means of generating income or as a more dependable long-term investment.
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samira has been tasked with increasing the relevance of her company's ads. she has been told that she can use multiple headline options in her responsive search ads as a way to increase relevance. how many headlines can samira include in a single responsive search ad? up to 25 headlines up to 50 headlines up to 15 headlines up to 5 headlines
Answers
Samira can include up to 15 headlines in a single responsive search ad.
What are responsive search ads ?
Using responsive search adverts, you may make a search advertisement that adapts to the demands of your customers. There are many different headlines and descriptions you may use when creating a responsive search ad. Then, Go-ogle Ads will continuously try different combinations to see which ones perform the best. The efficacy of your campaign can increase if you use responsive search advertising, which enables you to change the content of your advertisement to better match the search terms of potential customers.
Your chances of having Go-ogle Advertisements show you ads that are more closely connected to the search terms of your potential customers increase as you add more headlines and descriptions. This might improve how effective your advertisements are.
After you supply the material, Go-ogle Ads creates several ad combinations.
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what ammendment isthisSixteen-year old Ryan is the captain of the football team. Before the Friday night game, he and his teammates are required to submit to a drug test. Ryan’s test shows traces of marijuana. He is not allowed to participate in the game and he is suspended from school.
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True or false: the operations manager is involved primarily with supply network design.
Answers
The activities director is very familiar with a few sorts of plan: procedure, design, job design, supply network design, and organizational design.
In supply chain management, what role does the operations manager play?Supply Chain Management The operations manager is in charge of managing the process of the supply chain by controlling inventory management, the production process, sales, distribution, and locating suppliers who can supply the necessary goods at fair prices.
In terms of operations management, what is network design?The process of building and modeling a supply chain to better understand the costs and time involved in bringing goods to market with the resources and locations available is known as supply chain network design.
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What is the role of the franchiser when a franchise is purchased?
Answers
Answer:
The franchisor owns the brand and the operating system that they license to their franchisees. ... The franchisor grants the franchisee the right to operate the business under the franchise system's trademarks and service marks and enforces the brand standards of the system.
Answer:
The franchisor grants the franchisee the right to operate the business under the franchise system's trademarks and service marks and enforces the brand standards of the system.
molasses, a major by-product of the extraction process that removes sugar from sugar cane is used in the production of what product?
Answers
A byproduct of the sugar industry, molasses is made from either sugar beets or cane. The fermentation industry mostly uses it as a source of sugar. Molasses is used as the starting material for the fermentation
The process that creates some bulk fermentation products like bioethanol, baker's yeast, and citric acid.
Molasses contains no fat or protein and is made up of 75% carbohydrates and 22% water. A good source of 20% or more of the Daily Value for vitamin B6, along with calcium, iron, magnesium, potassium, and manganese, are all present in molasses.
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When you gdp is 2.5 trillion dollars and your population is 100 million, what is the gdp per capitia?
Answers
GDP per capita is :- $25,000
GDP per capita is = 2.5 trillion / 100 million = $25,000
Gross domestic Product (GDP) per capita indicates a country's GDP divided with the aid of its general populace. The desk below lists nations inside the global ranked by using GDP at purchasing strength Parity per capita, together with the Nominal GDP consistent with capita.
Better GDP in step with capita is regularly associated with nice consequences in a huge variety of regions which includes higher fitness, more education, or even greater lifestyles satisfaction. A excessive GDP consistent with capita suggests a high trendy of living, a low one suggests that a rustic is struggling to deliver its inhabitants with everything they want.
GDP according to capita is a middle indicator of monetary performance and usually used as a wide degree of average dwelling requirements or financial nicely- being; regardless of a few regarded shortcomings. As an example average GDP in keeping with capita offers no indication of the way GDP is distributed among residents.
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Alltech Company maintains a separate accounts receivable account for each customer. On June 18, Alltech provides $6,300 of services on account to customer Anthony and $1,200 of services on account to customer Walker. How will these two transactions affect the control and subsidiary accounts?
Answers
Answer:
B. The control account, Accounts Receivable, will be increased with a debit of $8 300
Explanation:
According to the given situation, in total, the Alltech company makes sales of 2, one for $6,300, and the other for $2,000. The total of sales will be computed by adding both sales that are $6,300 + $2,000 = $8300 will therefore be booked and control and receivables will be boosted with a debit of $8,300.
Therefore, the correct answer is B.
Please select the steps involved in GOMS. (Multiple answers possible) Measures. Selections. Operators. Goals. Methods. Options. What are some of the advantages of a Heuristic Evaluation? (Multiple answers possible) Combines well with other evaluations methods. Can be cheap. Simple to perform. Generates quantitative insights. Requires in-person user testing. Can be done by anyone. Why is it important to keep your audience in mind when you communicate research results? (Multiple answers possible) You need to make sure to tell everybody what they want to hear. It doesn't matter how great of an insight you have if no one understands it. Knowing what main takeaways and insights to communicate to the individual audience can increase stakeholder buy-in. It doesn't matter.
Answers
GOMS steps: Goals, Operators, Methods, Selections.
Advantages of Heuristic Evaluation: Can be cheap, Simple to perform, Combines well with other evaluation methods. Importance of audience in communicating research results: Knowing what main takeaways and insights to communicate to the individual audience can increase stakeholder buy-in.
GOMS (Goals, Operators, Methods, Selections) is a cognitive modeling technique used to analyze human-computer interaction. It involves breaking down tasks into these components to estimate task completion time and identify potential usability issues. Heuristic Evaluation is a usability inspection method where evaluators assess a system's user interface against a set of usability principles or heuristics. Advantages of heuristic evaluation include its cost-effectiveness, simplicity in execution, and compatibility with other evaluation methods, allowing for comprehensive usability assessments.
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what is the most likely result of successfully filling a market need and giving customers what they want?
Answers
By satisfying customers' needs, I can generate income for myself. Explain the distinction between revenue and profit. Revenue is the amount of money a company makes from selling goods and services over a specific time period.
Passion for the business, execution intelligence, a focus on the product or customer, and tenacity in the face of setbacks are the four key traits of successful entrepreneurs.Reducing waste and costs when manufacturing products to customer specifications is the obvious benefit of achieving a zero-defect level. Zero defects equate to increased customer loyalty and satisfaction, both of which invariably result in increased sales and profits.The elements that affect a business in its home nation or operating area are known as the local environment. The general environment and task environments make up the global environment's two main parts.Learn more about the example of consumers at
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if lana fodor paid $825.80 on a $3,169.78 credit balance. what is the new balance
Answers
Explanation:
the balance is $2343.98
What are three examples of investments?.
Answers
Answer:
fund
investment company
stock
All real estate advertising (use of business stationary, newsletters, billboards, etc.) must be done only with the ____________ knowledge and consent.
Answers
When making use of real estate advertising, it is important to get both the broker's knowledge and consent to create awareness.
What is Advertising?
This refers to the creation of awareness for a product or service to get people to buy and create sales and profit as a result.
Hence, in the case of real estate advertising, it is vital that the broker is aware and gives his consent before the awareness creation is done about a piece of property.
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Which of the following is the total amount of tax owed by an individual to a taxing authority such as the IRS?
O Tax break
O Tax bracket
O Tax exemption
O Tax liability
Answers
The total amount of tax owed by an individual to a tax authority is known as tax liability.
The amount that a person, company, or other entity owes to a federal, state or local tax authority is known as their tax liability.
Generally speaking, when you make money or gain from the sale of an investment or other item, you have to pay taxes. If you don't have enough income to qualify for tax filing, you might not owe any income taxes.
To Calculate Tax Liability, you should consider:
By totalling up all of your income, deducting any necessary expenses, and applying the result to the tax tables for your filing status, you can estimate your tax obligation for the year.For instance, contributions made to an employer-sponsored retirement plan that permits pre-tax deferrals or a health savings account (HSA) won't be counted toward your taxable income.Furthermore, you may be eligible to deduct some expenses from your gross income, such as interest on student loan debt or health insurance premiums if you are self-employed and paid them all year. These are referred to as above-the-line deductions or adjustments to income. Your adjusted gross income is the outcome (AGI).To know more about the taxation system:
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Michael has been saving his money and wants to invest it. After doing some research, he has decided to invest $20,000 into a Certificate of Deposit. The interest rate on the CD is 3% with a term of five years, and the interest is paid out annually. Based on recent inflation, Michael is planning on an annual inflation rate of 2%. Which statement best explains the interest rates related to this CD? The nominal interest rate is 3 percent, while the real interest rate is 2 percent. The nominal interest rate is 3 percent, while the real interest rate is 1 percent. The nominal interest rate is 1 percent, while the real interest rate is 2 percent. The nominal interest rate is 2 percent, while the real interest rate is 4 percent.
Answers
Since he is planning on an annual inflation rate of 2%., the statement that explains the interest rates relating to the CD is nominal interest rate is 3% while the real interest rate is 1%.
A real interest rate refers to the nominal rate which is adjusted for inflation.
We are given that Interest (nominal rate) is 3% and planned Inflation rate = 2%Real interest rate = 1% (Nominal rate - inflation rate)
Hence, the statement that explains the interest rates relating to the CD is nominal interest rate is 3% while the real interest rate is 1%.
Therefore, the Option B is correct.
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Answer: the next one after b is A on the assignment
$200
Explanation:
As a contractor you have built a 100-unit apartment complex that rents for $450 per unit a month (i.e. about $15 per day). Assume the only loss to the owner from a delay is the loss of rent. For late completion you were assessed $2000 per day. Would you qualify the assessment as liquidated damages or as a penalty? Explain your answer. If the contract had included a bonus of $500 per day for early completion, would you expect to gain any assessment from court action, i.e. would the Court have a reason to rule in your favor? Why?
Answers
In the given case, the contractor has constructed a 100-unit apartment complex that rents for $450 per unit a month, and the loss to the owner due to delay is the loss of rent. Moreover, if the contractor fails to complete the project within the specified time, he is liable to pay $2000 per day as compensation.
Therefore, the question arises whether this compensation will be considered as liquidated damages or penalty.In legal terms, liquidated damages refer to the compensation that is agreed upon by both parties, and it is generally based on the estimated loss that may arise due to the breach of the contract. In contrast, a penalty refers to the compensation amount that is unreasonably high compared to the actual loss incurred by the breach of the contract.
Moreover, if the contractor completed the project before the specified time and expected to receive a bonus of $500 per day, he could not receive any compensation through court action. It is because the bonus is not the actual loss of the owner, and it is an incentive for the contractor to complete the project before the specified time.Therefore, in conclusion, the assessment in the given scenario will be considered a penalty rather than liquidated damages. Moreover, if the contract had included a bonus of $500 per day for early completion, the contractor could not expect any assessment from court action.
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Which of the following is an example of a worker who has work/life balance
conflicts?
O A. A woman refuses to answer emails from the office when she is
not working
B. A man has missed all his daughter's ball games because he works
too much.
C. A woman has her office emails forwarded to a coworker while on
vacation.
D. A man receives notifications when he gets a new email at the
office,
Answers
Answer:
A man has missed all his daughter's ball games because he works
too much.
Explanation:
seems like it
Answer:
A man has missed all his daughter’s ball games because he works too much
Explanation:
A p e x
Which of the following is not one of the 3 major ways to save for retirement
that were discussed in class?
O a. Saving and investing throughout your life
O b. Getting paid via benefits from social security
O d. Liquidating the majority of your assets into cash
O c. Leveraging benefits from your previous job
Answers
The option that is not one of the 3 major ways to save for retirement discussed in class is option
(d) liquidating the majority of your assets into cash.
What is a better way to save for retirementThis is not a sustainable strategy for retirement savings as it involves selling off assets that could potentially generate income and growth over time.
The three major ways to save for retirement are:
a. Saving and investing throughout your lifeb. Getting paid via benefits from social securityc. Leveraging benefits from your previous job (such as a pension plan or 401(k))Learn more about retirement savings at
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Keynesian economists ________. A) observe that prices respond slowly to changes in supply and demand B) believe that the classical dichotomy does not hold in the short run C) believe that monetary policy affect aggregate output and the real interest rate D) all of the above
Answers
Answer:
The choose D.All of the above
I hope I helped you^_^
The following are four differences between monopoly and perfect competition. Which of these is incorrect? A. A monopolist has a large market share while a perfect competitor does not. B. Unlike a perfectly competitive firm, a monopoly can make positive economic profits in the long run. C. A monopoly will charge a higher price and produce a smaller quantity than a competitive market with the same demand and cost structure. D. Monopoly profits can continue to exist in the long run, because the monopoly produces more and charges a higher price than a comparable perfectly competitive industry.
Answers
Correct answer is Option D because Monopoly profits can continue to exist in the long run, because the monopoly produces more and charges a higher price than a comparable perfectly competitive industry is the incorrect difference between monopoly and perfect competition.
Monopoly and perfect competition are two market structures in which firms operate. The following are four differences between monopoly and perfect competition: A monopolist has a large market share while a perfect competitor does not. Unlike a perfectly competitive firm, a monopoly can make positive economic profits in the long run. A monopoly will charge a higher price and produce a smaller quantity than a competitive market with the same demand and cost structure.
In perfect competition, there are numerous sellers and consumers. The price of a commodity is determined by supply and demand forces in a perfectly competitive market. Every firm is a price taker in this market. In other words, it has no control over the price of a product or service.
The following is the correct difference: Monopoly profits cannot continue to exist in the long run, because the monopoly produces less and charges a higher price than a comparable perfectly competitive industry.
Option (A) is correct answer.
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if a union is able to decrease the supply of workers in a competitive labor market but the union cannot affect the demand for its members' labor, then
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While a union's ability to decrease the supply of workers can have localized benefits for its members, the inability to influence labor demand restricts the union's broader impact on the labor market.
If a union is able to decrease the supply of workers in a competitive labor market but cannot affect the demand for its members' labor, several implications arise. First and foremost, by reducing the supply of workers, the union can potentially exert upward pressure on wages and benefits for its members. With a smaller pool of available workers, employers may be compelled to offer higher compensation to attract and retain unionized workers.
However, since the union cannot influence the demand for its members' labor, there are limits to the benefits it can achieve. Even if wages rise within the union, the overall demand for labor remains unchanged, meaning that non-unionized workers may continue to compete for job opportunities at market-driven rates. Consequently, the union's impact on the broader labor market may be limited.
Additionally, the reduced supply of unionized workers may create opportunities for non-unionized workers to fill the gap, potentially leading to an increase in non-unionized employment. This dynamic could affect the relative bargaining power between unions and employers, as well as the overall composition of the labor market.
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disclosing confidential information of a past employer to gain advantage at a new job is a violation of the standard of ethics?
Answers
Disclosing confidential information of a past employer to gain an advantage at a new job is a violation of the confidentiality standard of ethics.
What is ethics?Ethics or moral philosophy is a branch of philosophy that "involves systematizing, defending, and recommending concepts of right and wrong behavior". The field of ethics, like aesthetics, is concerned with matters of value; together, these fields comprise the branch of philosophy known as axiology.
Furthermore, ethics investigates the rational basis for our moral judgments; it investigates what is morally right or wrong, just or unjust. In a broader sense, ethics considers human beings and their interactions with nature and other humans, as well as freedom, responsibility, and justice.
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a vendor-managed supply system relates to what customer service factor of a supply chain? multiple choice question. dependability communication time convenience
Answers
The customer service component of a supply chain is related to the time convenience of a vendor-managed supply system.
How does logistics management relate to customer service?Customer service is the result of all logistics procedures or supply chain operations, from the perspective of logistics. The earnings for the business are determined by the corresponding costs for the logistics system and the income generated by logistics services.
Customer, supply chain, and corporate data are sources for business software (CRM, SCM, and ERP).
What marketing channel enables customers to purchase things through multiple interactions?The consumer can purchase and receive products directly from the manufacturer through a direct distribution channel. A number of middlemen are used in an indirect route to deliver items from the manufacturer to the customer.
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Everybody should leave this app and go to question cove. You do not need any points to ask questions and you get correct answers in as little as 30 seconds. Not to mention you can easily message somebody without any problems.
Answers
Answer:
what happened to karlie
Explanation:
(ANSWER PROVIDED) Under what circumstances would it be appropriate and legal to turn down a qualified job candidate based on a disability?
done
A.
When required accommodations would be very expensive or difficult to provide
close
B.
It is never appropriate or legal to turn a job applicant down because of a disability.
C.
When a disability makes it difficult to use a standard telephone
D.
When the disabled individual is either blind or deaf
*
*
ANSWER: A. When required accommodations would be very expensive or difficult to provide
Answers
Under the circumstances that would be appropriate and legal to turn down a qualified job candidate based on a disability is:A. When required accommodations would be very expensive or difficult to provide.
What is disability?Disability occur when a part or some part of a person body is not functioning or not functioning properly. Example of disability is when a person cannot see, cannot hear, cannot walk which inturn tend to make it difficult for the person to engage in some certain activities that non disability people can do.
A qualified job candidate who is disabled may be legally turn down when the employer does not have required capacity to accommodate the person or when the accommodations would be very expensive or difficult to provide.
Therefore the correct option is A.
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Answer: A
Explanation: I j took test