A Senior Manager Argues That the Negative Perception Associated with Mounting

question 5

Multiple Choice

A senior manager argues that the negative perception associated with mounting credit card debt will affect StarMart.Which of the following would be the MOST effective measure StarMart could take to address this potential problem?

• A) offering to forgive all debt more than 90 days old
• B) making it clear that StarMart is a different entity than Axiom-Star
• C) pointing out the records and practices of the worst-behaved credit companies
• D) extending the expiration date of StarMart reward points
• E) extending credit only to those who are very likely to be able to pay their bills

Recognize the relationship between tax revenue and elasticity of demand and supply.

Understand the concept of tax incidence and how it is affected by the elasticity of demand and supply.

Analyze the impact of a tax on market equilibrium, including quantity and price changes.

Appreciate the role of government taxation in correcting market inefficiencies and discouraging harmful activities.

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Definitions:

Big Five Personality Traits

A framework that defines human personality by five major traits: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Long-term Memory

The aspect of memory responsible for storing information over extended periods, from days to decades, allowing recall of experiences, knowledge, and skills.

Processing of Information

The operations and activities involved in the perception, manipulation, and storage of information by the human brain or computer systems.

Desired Future Selves

Refers to the aspirational visions individuals have for who they want to become in the future, including their goals, ambitions, and desired attributes.