Which of the following best defines the term 'thinslicing'?
a. To expend just enough effort to make a decision that's acceptable, but not necessarily the one that's 'best'.
b. To ignore most of the available information and instead notice a few salient cues to make a choice.
c. To change beliefs or actions as a reaction to real or imagined group pressure.
d. To repay debts and favors.
e. To jump on the bandwagon.
To ignore most of the available information and instead notice a few salient cues to make a choice.
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Long-term investments in available-for-sale securities are reported at their ________ on the balance sheet.
Fill in the blank(s) with the appropriate word(s).
Maggie Moo's has decided that consumers will drive out of their way for the store's yummy ice cream offerings. The owner needs to keep his overhead costs (such as rent) low and wants to avoid locating near competitors. For a location, Maggie Moo's should open in a:
A. factory outlet B. strip center C. freestanding store D. shopping center E. regional mall
The Canadian lobster harvest requires special handling coupled with rapid transportation to ensure the cargo reaches destinations alive. The favored transportation mode would be:
A. air B. water C. truck D. pipeline E. rail
(I) The average lifetime of a debt security's stream of payments is called duration
(II) The duration of a portfolio is the weighted average of the durations of the individual securities, with the weights reflecting the proportion of the portfolio invested in each. A) (I) is true, (II) false. B) (I) is false, (II) true. C) Both are true. D) Both are false.