Answer:
a) Loss Aversion
b) Mental Accounting
c) Status Quo Bias
d) Misperceiving opportunity cost
e) Overconfidence
Explanation:
a) In Alexander's case, he is suffering from the Loss Aversion theory that is very prevalent in Economics where some people prefer not losing money as opposed to actually gaining money. Alexander does not want to lose the money he invested and so is holding on hoping to get back his money so he doesn't lose anything.
b) In Jim's case, he practices mental accounting. This is a situation where people group their various money related transactions in different groups in their mind and ascribe them different values. Jim did not attach enough value to the money he found though and so just decided to spend it.
c) Geneva faces Status quo bias which is a situation where one prefers things the way they are. She freezes every time big question is asked of her and just let's things continue the way they are every time. She faces the Status Quo Bias.
d) Tiffany misperceived her Opportunity Cost when she failed to calculate the transport cost associated with the job she took. Had she not done so, she would have factored in the correct Opportunity Cost and seen that it might be better to take the job closer to her.
e) Steve is overconfident in his ability to start a diet. He has been failing at doing so and yet believes he can do so. It is important therefore that he finds something else to spur him ti start the diet because his confidence in doing it himself is clearly a farce and does not match what he actually can do.
Answer: Fully Annealed condition.
Explanation:
Annealing is a heating process in which physical and sometimes chemical properties of material are altered. This process increases the ductility and reduces hardness of material, resulting in increase of the material strength.
It is the property taxes that go along with the mortgage monthly payment
So the answer is C: Property taxes
The lender will generally set up an escrow account to cover for the property taxes and pay these items on your behalf when they are due
Answer:
zero-coupon
Explanation:
According to my experience with different investment assets, I can say that based on the information provided within the question he purchased a zero-coupon bond. This is an bond asset that the individual may redeem at the time of maturity for the same price that he purchased the bond. Just like mentioned in the question.
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Marketing traditionally has been divided into a set of four interrelated decisions and consequent actions known as the marketing mix
This is further explained below.
What is the marketing mix?
Generally, The marketing process has historically been broken down into a series of four choices and subsequent actions that are together referred to as the marketing mix.
In conclusion, The "marketing mix" is a program made for businesses that have traditionally centered around the product, price, put, and promotion. The term "marketing mix" refers to this model.
Read more about the marketing mix
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