Joseph Was on the Subway When He Noticed a Man

question 11

Multiple Choice

Joseph was on the subway when he noticed a man lying slumped over on the seat.Joseph looked around at the other passengers,who seemed calm and unconcerned.Joseph concluded that the man was probably okay.However,the other passengers may have been looking around at Joseph,to see how he reacted.This would be an example of

• A) pluralistic ignorance.
• B) false uniqueness.
• C) conformity.
• D) social reciprocity.
• E) social failure

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Definitions:

Credit Policies

Guidelines a company follows to determine credit terms for customers, including who is eligible for credit and on what terms.

Switching

The act of changing from one option, system, service, product, or company to another, often seen in customers changing providers or businesses changing suppliers or technologies.

Economic Order Quantity

A formula used by companies to determine the optimal order size that minimizes the total costs associated with inventory.

Carrying Cost

The total cost of holding inventory, which includes storage, insurance, depreciation, spoilage, and opportunity cost.