Define an amortized loan and give two common examples
What will be an ideal response?
Answer: An amortized loan is a loan paid off in equal installments. The loan amount is paid back by spreading or amortizing the payments out over a certain time period based on a specific interest rate. Two common examples are auto loans and home mortgages.
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The irrational escalation of commitment is a cognitive bias that refers to
A. the perspective or point of view that people use when they gather information and solve problems. B. the standard against which subsequent adjustments are measured during negotiation. C. how easily information can be recalled and used to inform or evaluate a process of a decision. D. a negotiator's commitment to a course of action, even when that commitment constitutes irrational behavior on his/her part.
The text mentions the common temperature control setting for most offices buildings to show that ______.
a. most corporate environments are dominated by Caucasian males b. gender discrimination exists in all settings c. some gender discrimination is unconscious d. dimension based on race or ethnicity can present in surprising ways
The major commodity exchange is the:
a. New York Stock Exchange b. London Exchange c. Chicago Board of Trade d. Denver Board of Trade e. NASDAQ
Firms that market the same product to multiple regions with different preferences may need to tweak the product to ensure that it meets a need unique to each segment. This represents what type of targeting strategy?
A. a differentiated marketing strategy B. a niche marketing strategy C. an undifferentiated targeting strategy D. a geographic targeting strategy E. a concentrated targeting strategy