Which of the following characteristics are referred to as representativeness?
I. hesitating to sell stocks at a loss
II. basing conclusions on small samples
III. underestimating the effects of random chance
IV. underestimating the level of risk in an investment
A) I and IV only
B) II and III only
C) I, II and III only
D) I, II, III and IV only
Answer: B
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Office furniture was purchased for $45,000 . It had an estimated residual value of $7,000 and has a current carrying value of $9,000 . Its depreciable cost must have been
a. $36,000. b. $38,000. c. $32,000. d. $29,000.
In a distributed promotion effort, _____
a. reach is stressed over frequency b. salesmanship is stressed c. advertising, personal selling, public relations, and sales promotion are coordinated d. retailers promote throughout the year
The ________________ theory states that the strength of ties between people, their spatial closeness, and the size of the group affects the quality and richness of communication in groups.
a. Social Impact b. Stakeholder c. Strength of Character d. Affective Forecasting
Simulation models
A) require a higher setup cost to start and operate compared to decision tree tools. B) require a lower setup cost to start and operate compared to decision tree tools. C) require a higher setup cost to start but less to operate compared to decision tree tools. D) require a lower setup cost to start but more to operate compared to decision tree tools.