Question

nancy owns a gas station in a small town. her friend chuck owns the only other station in the community. one day nancy and chuck get together and decide to drastically raise their prices. this is an example of _______

a. whistle - blowing
b. socially responsible investing
c. a ponzi scheme
d. price fixing
e. situational ethics

Explanation:

Price - fixing occurs when competitors agree to set prices. Nancy and Chuck, as the only two gas - station owners in the community, colluded to raise prices, which is an example of price - fixing. Whistle - blowing involves reporting illegal or unethical behavior. Socially responsible investing is about investing with environmental, social, and governance considerations. A Ponzi scheme is a fraudulent investment operation. Situational ethics is a theory about ethical decision - making in specific situations.

Answer:

D. price fixing