You Agree to Take Out a Credit Card from Your

question 367

Multiple Choice

You agree to take out a credit card from your local bank based on what appear to be very reasonable terms, but later you receive additional information in the mail regarding less reasonable terms and interest rates being applied in six months. You have succumbed to the compliance strategy known as the

• A)sucker-punch effect.
• B)door-in-the-face effect.
• C)lowball technique.
• D)highball technique.

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Definitions:

Expert Planning

Strategic planning carried out by individuals with specialized knowledge and skills in a particular area.

Contingency Planning

Identifies alternative courses of action for use if and when circumstances change with time.

Tactical Plan

A short-term, detailed plan outlining how to achieve specific goals within a strategic framework, often focusing on immediate actions and resources.

Functional Plan

A strategic plan that is specific to a department or function within an organization, detailing objectives, resources, and timelines.