Ms Venus Has $100 Income This Year and $110 Next

question 48

Multiple Choice

Ms. Venus has $100 income this year and $110 next year. The market interest rate is 10% per year. Suppose Ms. Venus consumes $60 this year. What will be her consumption next year?

• A) $154
• B) $170
• C) $120
• D) None of the above

Evaluate the effectiveness of different responses to negative social media comments.

Understand the importance of timely and appropriate responses to negative information online.

Comprehend the role of social media in amplifying customer complaints and feedback.

Analyze the benefits and challenges of engaging with stakeholders on social media.

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Definitions:

Base-Rate Information

Fundamental data or statistics that show the general frequency or occurrence of an event or outcome in a population.

Cognitive Map

A mental representation of one's physical environment, enabling an individual to navigate through space.

Stroop Effect

A demonstration of cognitive interference where the brain's reaction time slows down when the color of a word doesn't match the name of the color.

Availability Heuristic

A cognitive shortcut that relies on immediate examples that come to a person's mind when evaluating a specific topic or decision.