The buying process begins when someone places an order with a sales representative
Indicate whether the statement is true or false
FALSE
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A major disadvantage of constant sum scaling is that ________
A) it is limited to large discriminations among alternatives B) it takes too much time to collect C) it has no absolute zero point D) it cannot be considered an ordinal scale E) respondents may allocate more or fewer units than those specified
Describe the first two steps of the pinch theory reconciliation process.
What will be an ideal response?
What decision criterion would be used by an optimistic decision maker solving a problem under conditions of uncertainty?
A) expected monetary value B) equally likely C) maximax D) maximin E) minimin
A offers B $100,000 for his farm, and they sign an agreement for the sale. Before the money is paid, A finds out that the market value of the farm is only $55,000 . A:
a. must pay $100,000; the contract is valid b. does not have to go through with the contract because there is not adequate consideration c. does not have to go through with the contract because there was a mistake of fact d. must buy the farm, but the price will be lowered when the court reforms the contract e. must buy the farm, but the price will be lowered to create consideration of proper value