In which stage in the consumer purchase decision process would a consumer ask, "How much can I afford to spend on a new 42" LED HDTV?"
A. evaluation
B. problem recognition
C. alternative evaluation
D. purchase decision
E. information search
Answer: E
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Both the public and private sectors use mediation to facilitate negotiations.
Answer the following statement true (T) or false (F)
In a sample of 200 racquetball players, 120 indicated they prefer Penn racquetballs, 75 favored Ektelon, and 5 were indifferent. We want to use the sign test to determine if there is evidence of a significant difference in the preferences for the two types of racquetballs
a. Provide the hypotheses to be tested. b. Compute the mean. c. Compute the standard deviation. d.. At 95% confidence, test to determine if there is evidence of a significant difference in the preferences for the two types of racquetballs.
________ is the process of defining clear activities necessary to complete activities in a single project
A) Project planning B) Project initiation C) Baseline D) Business case
Marty, a 16-year-old, contracted with Cream-of-the-Crop Cycles to buy an $8,000 motorcycle. He agreed to make monthly payments until the purchase price plus interest were paid in full. It is three years later and Marty has not disaffirmed the contract and has made regular payments on the cycle since turning 18. Which of the following is correct?
A. The contract is void and Marty has no obligation. B. The contract is now voidable by Cream-of-the-Crop Cycles. C. Marty has ratified the contract and is now bound by its terms. D. Marty has ratified the contract but can still get a return of the payments made while he was a minor.