Heuristics can come into play when consumers forecast the likelihood of future outcomes or events. How does a consumer use an anchoring and adjustment heuristic?
What will be an ideal response?
Consumers use this heuristic by arriving at an initial judgment and then making adjustments of that first impression based on additional information.
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When transportation costs are included in a trade model
a. an exporting country's gains from trade decrease. b. an exporting country's gains from trade increase. c. an exporting country's volume of trade increases. d. an exporting country's terms of trade can improve.
Acme Global needed to hire 45 new advertising sales agents. The applicant pool consisted of 100 African American females and 100 White females. Of the 200 applicants, Acme Global hired 20 of the African American females and 25 of the White females. Is there evidence of disparate impact?
A. Yes, the African American selection rate of 20% is less than 80%, so the Four-Fifths Rule is not met. B. Yes, the African American selection rate of 25% is less than 80%, so the Four-Fifths Rule is not met. C. No, the African American selection rate of 25% is more than 20%, so the Four-Fifths Rule is met. D. No, the African American selection rate of 20% is equal to 80% of the 25% selection rate for Whites, so the Four-Fifths Rule is met.
Which of the following is TRUE of the current state of ethics training in the U.S.?
a. Ethics training is best curtailed during times of lower organization income when the number of employees is lower than average. b. All professional organizations require professional licenses of their members to protect the public from incompetent practitioners. c. Although some federal employees must undergo ethics training, state governments have yet to adopt rules about ethics training for either private or government employees. d. It has become increasingly common for all types of organizations to administer ethics training.
Separation of businesses into more manageable operating units is termed decentralization
Indicate whether the statement is true or false