Final answer:
It is false that the standard fee should be the highest one charged and that multiple fee schedules are not approved by the State board. Businesses, including agricultural growers, work within a competitive market and set prices at the going rate to prevent losing customers to competitors. Business strategies may allow for various fee schedules depending on different service factors.
Step-by-step explanation:
The question asks if the standard fee schedule should be the highest fees charged and implies that having multiple fee schedules is not approved by the State board. This is a business practice scenario, where a single set fee is often encouraged to maintain simplicity and consistency.
Answer: B) False. In a competitive market, businesses typically charge the "going rate," a price point that is determined by what the market will bear. Charging significantly more than this rate could result in losing customers to competitors. However, this does not necessarily mean that it is inappropriate or not approved to have multiple fee schedules, as businesses might adjust their fees based on various factors, such as service speed, quality, customer loyalty, or market segmentation strategies.
In agricultural settings, this concept is relevant because growers are subject to market prices that are heavily influenced by supply and demand. If they charge above the going rate, they risk losing sales to competitors who charge lower prices. The notion that the standard fee should be the highest you will charge is a simplification, and business strategies and regulations can be more nuanced.