Which of the following statements is true of the impact of the economic recession on consumers' mindset?
A. Consumers have begun to shift from a cautious spending approach to a cutting back mentality.
B. A majority of consumers have started to act on impulse and buy whatever they desire to buy.
C. A large number of consumers are opting to buy rather than rent homes, cars, and clothes.
D. Consumers have begun to reevaluate their paradigm or the way they look at products.
Answer: D
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A stock index tells you
A. the average price of a collection of stocks. B. the expected changes in the prices of select stocks over a year. C. where to buy or sell stocks. D. what stocks to buy or sell.
Ben entered into a contract with Clooney Construction Inc. under which Clooney agreed to do $40,000 worth of remodeling of his home. Clooney agreed that the contract price could be paid in installments, and that to secure these payments, Clooney would take out a second mortgage on Ben's home. The day after signing the contract, Ben had second thoughts and immediately hand-delivered a written notice to Clooney stating that he wanted to rescind the contract. Which of the following statements is true of this case?
A. Ben can rescind the contract under the seller's right to cancel the right provided by the Truth in Lending Act as their house was not used as collateral. B. Ben cannot rescind the contract because the transaction involved more than $25,000 and was, therefore, not covered by the rescission right in the Truth in Lending Act. C. Ben cannot rescind because the rescission right in the Truth in Lending Act does not apply to transactions in which the creditor takes a mortgage to secure the loan. D. Ben can rescind the contract under the rescission right of the Truth in Lending Act.
Which of the following performance goals is SMAART?
a. Meet with at least two customers per day on sales-related calls and record your results in the database by the end of business each Friday b. Meet with two or three customers per day c. Provide sales support to customers and record your work in the database d. None of the above
Who originated the storytelling approach?
a. Michael Porter b. Henry Mintzberg c. David Boje d. Edith Penrose