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Dvinal [7]
3 years ago
13

Jaslyn saw a dress she liked in her favorite department store a month ago. At that time the dress was on sale for 50% off. Jasly

n did not buy the dress at that time, but she bought it when the store had a "Buy One, Get One Free!" sale. Jaslyn's behavior can be explained by:
a)overconfidence.
b)a sunk cost fallacy.
c)altruism.
d)a framing bias.
Business
2 answers:
DerKrebs [107]3 years ago
8 0

Answer:

A framing bias

Explanation:

Framing bias creates a cognitive bias which leads the brain to make decisions about a purchase or information depending on the presentation of the information. It operates on the ability of humans to respond differently to the same piece of information , depending on how favorable it's made to look. It's frequently used in marketing to influence customer decisions.

There are various types of framing:

  • Attribute framing - This aims at painting a positive or negative picture of a characteristic of an object. When a positive picture is painted, the customer is likely to drift towards that object and make a purchase. When painted in a negative light, the customer is likely to drift away. Being cautious about what attribute to be painted, guides a marketer or seller to know what light the attribute of the product should be painted.

  • Risky choice framing - This form of framing paints the information on a product as a gamble. This implies to the customer that there could either be a gain or a loss. Framing the gamble in form of a gain will most likely gear the customer to take action on the information. In this form however, the level of risk the customer is willing to take to avoid a loss should be taken into consideration and understood.

  • Goal framing - This form of framing emphasizes negative outcomes of not participating, thereby making the customer interested in participating.
SCORPION-xisa [38]3 years ago
6 0

Answer:

The correct answer is letter "D": a framing bias.

Explanation:

Framing bias is an advertising technique of portraying information in different ways so that it will be more appealing for consumers. The less informed about the product being displayed the consumer is, the more affected the consumer will be by the framing bias. As the different wording of the advertising can be deceiving, consumers should make their own research about the information being displayed to make a rational decision.

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(TCO IF) You have agreed to deliver the underlying commodity on a futures contract in 90 days. Today, the underlying commodity p
Crank

Answer:

The answer is You must have a long position in a futures contract.

Explanation:

A futures contract is an agreement to buy or sell an asset at a future date at an agreed-upon price. They are also often used to hedge the price movement of the underlying asset to help prevent losses from unfavorable price change.

Forward contracts are traded over-the-counter and have customizable terms that are arrived at between the counterparties. It is similar to futures contract in the sense that lock in a future price in the present.

However, in this case, Futures contracts apply because it is standardized thereby making each participant have the same terms regardless of who is the counterparty.

5 0
3 years ago
The managerial function of ______ involves monitoring performance, comparing it to goals, and taking corrective action when need
sleet_krkn [62]

Answer:

Controlling

Explanation:

Out of the many functions of management, controlling is an important managerial function. Controlling can be referred to as a managerial function that enables the achievement of results as it relates to set goals. This function involves the measurement of progress for the purpose of achieving organizational goals. It helps to ensure that subordinates and managers inclusive are doing what is necessary, identify errors and take corrective measures to meet up to the standard.

3 0
3 years ago
If a company has five employees with annual salaries of $40,000, $90,000, $40,000, $30,000, and $80,000, respectively, what is t
inessss [21]
Mean is where you add all of the values together and then divide the total by the number of values.

 After doing this, you should see this...

20,000+40,000+20,000+60,000+70,000 = 210,000

 After you get this number, you divide by the number of values, in this case, 5.

 210,000/5 = 42,000

6 0
2 years ago
The Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA) resulted in implementation of risk contracts, which are arrangement
Sever21 [200]

Answer:

Capitated

Explanation:

Based on the information given the implementation of the risk contracts by TEFRA is to ensure that are medical arrangements are made among providers in order to provide CAPITATED health care services to Medicare beneficiaries.

CAPITATED health care services can be seen as the way in which medical treatment payment are made to the providers of health care service in advance for the sole aim of providing medical services or treatment to patient which are the Medicare beneficiary that have registered and assigned to them for a specific period of time.

6 0
2 years ago
A corporation has issued 30,000 shares of $50 par common stock and holds 5,000 of these shares as treasury stock. If the corpora
Andrews [41]

Answer:

The amount of $25,000 will be recorded as the Cash Dividends

Explanation:

The amount which is to be recorded as the cash dividend is computed as:

Cash Dividend = Number of Shares × Rate per share

where

Number of shares is computed as:

Number of shares = Issued Shares - Treasury Stock

= 30,000 - 5,000

= 25,000

NOTE: No dividend is paid on treasury stocks, so the the shares of the treasury stocks are subtracted.

Rate per share is $1

SO, Putting the values above:

Cash Dividend = 25,000 × $1

= $25,000

3 0
3 years ago
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