Gamblers who place larger and larger wagers in an effort to recoup earlier losses are displaying a decision-making behavior called ________.
A. load balancing
B. escalation of commitment
C. stacking the deck
D. reverse pyramiding
Answer: B
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Compton and Danson form a partnership in which Compton contributes $50,000 in assets and agrees to devote half time to the partnership. Danson contributed $40,000 in assets and agrees to devote full time to the partnership. How will Compton and Danson share in the division of income?
A) 5:8 B) 1:2 C) 1:1 D) 5:4
Expected customer services provide a competitive advantage to the retailer
Indicate whether the statement is true or false
Creating an Appropriate Visual: Susan has been asked to give a presentation on budgeting to help her audience understand where and how they spend their money. From the data that she has gathered, she discovers that the typical households spend their
income in the following areas proportionally to their monthly pay: 35% Housing 20% Transportation 20% Food 10% Health care and health insurance 5% Clothing 5% Credit card debt and interest 5% Entertainment Select an appropriate visual to depict this information, and explain why the visual would be appropriate for the presentation.
In the service sector, inventory control methods ______.
A. are not necessary as no products are involved B. may need to be tailored to the service provided C. are the same for food services as airline services D. are costlier than for inventory control for products