Sketch the "Ladder of Abstraction," label each end of the ladder, and give three examples of the kinds of things located on the ladder
What will be an ideal response?
Answer:
The Ladder of Abstraction
Concrete object
The real apple
Photograph of an apple
Wax apple
Still life painting of an apple
The logo of the Apple computer company
The word "apple"
Abstract conceptualization
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The ____________________ determines corporate policies and selects the corporate officers
Fill in the blank(s) with correct word
________ is a win-lose strategy in which one team brings up a minor point first to distract the other team from considering the main issue.
A. Red herring B. Budget bogey C. Negotiation jujitsu D. Limited authority E. Trial balloon
The Colorful Paint Company got a mortgage from the bank to purchase a factory in which it could make paint. As part of its manufacturing process, Colorful Paint dumped the excess paint into a pit behind the building. This practice contaminated the property. If the bank foreclosed on the factory, would the bank be liable for cleanup costs of the contaminated land?
A. Yes, because it owns the property. B. No, because it was an innocent landowner. C. No, because it did not contaminate the property. D. No, because it was a secured creditor.
Suppose you just won the state lottery, and you have a choice between receiving $2,550,000 today or a 20-year annuity of $250,000, with the first payment coming one year from today. What rate of return is built into the annuity? Disregard taxes.
A. 7.12% B. 7.49% C. 7.87% D. 8.26% E. 8.67%