Identify and explain the five psychological factors that contribute to mismanaged agreement (the Abilene Paradox).
What will be an ideal response?
Action anxiety, negative fantasies, real risk, fear of separation, and psychological reversal of risk and certainty
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Uncollectible accounts must be estimated because it is not possible to know which accounts will not be collected
Indicate whether the statement is true or false
An example of a(n) _______________ is Muhammad Yunus who established the Grameen Bank to set up microloans for poor villagers in Bangladesh.
a. Social bricoleur b. Social constructionist c. Social technologist d. Social engineer
An express warranty is:
a. illegal in many states b. one the consumer contractually provides to the manufacturer c. one the law inserts into the relationship regardless of the actual contract terms d. one demanded in all consumer transactions e. none of the other choices are correct
Financial goals
a. should be explicitly stated. b. should be consistent with your values. c. all of these. d. none of these.