Describe the main features of Affective Forecasting and provide some concrete examples of focal errors.
What will be an ideal response?
An ideal answer will list all common elements of affective forecasting, such as the positive/negative feelings attached to the prospect of the completion or realization of a future event, but which end up counter to those emotions upon actual completion or realization of that event. A good answer will also mention some of the cultural differences in affective forecasting. Examples can include the hype surrounding completion of tasks, the marketing of products and the actual user experience, and so on.
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Midtown, Inc. had the following transactions in 2018, its first year of operations:
• Issued 31,000 shares of common stock. Stock has par value of $1.00 per share and was issued at $20.00 per share. • Earned net income of $70,000. • Paid no dividends. At the end of 2018, what is total stockholders' equity? A) $31,000 B) $690,000 C) $620,000 D) $70,000
DFR ______.
A. refers to design for recycling B. ensures that a product functions as intended C. refers to products definitely for resale D. refers to design for refurbishing
For salespeople, ________ refers to the time from when the salesperson first sees the buyer to when they begin to discuss the product.
A. the preapproach B. leading C. the approach D. qualifying E. data mining
The amount of a particular item ordered from a supplier is called the ______.
A. lot size B. batch C. consignment D. quantity of shipment