Scenario - Power Trip Unlimited,LLC

question 13

Multiple Choice

Scenario - Power Trip Unlimited,LLC
Is it hurricane season? Is there a tsunami warning? Did an earthquake take place somewhere in the world? While these are not pleasant questions to ask,the Miami,Florida-based business Power Trip Unlimited needs to be ready to quickly respond to such events.This unique company offers a vast line of emergency generators and supplies to help individuals caught in the devastation these types of natural occurrences can create.Staffed by experts in the generator field,Power Tripp Unlimited has assisted numerous people begin the recovery process in the aftermath of a calamity.In the past year alone,sales for this company have surpassed every goal that was set.This financial boom occurred while the company conducted sales only in the U.S.market.
Power Trip's management team now realizes that foreign markets such as India and China offer incredible opportunities for the company.Both foreign nations desire to engage in trade with the company in exchange for allowing its products to be introduced within their borders.India and China have agreed to supply Power Trip with several necessary components for its generators in exchange for allowing the company free operations inside their national boundaries.Power Trip realizes there are numerous challenges facing the company in the foreign market arena.But guided by the belief in the expertise of its staff and the quality of its products,it is ready to face any challenges foreign markets put in front of them.This company stands eagerly poised awaiting its first international sale.
-The agreement between Power Trip Unlimited,China,and India to engage in foreign trade will ultimately provide greater opportunities for consumers of Power Trip's products.Which one of the following is least likely to be considered a benefit of this trade agreement?

• A) Consumer choices may be limited by government restrictions on the operational capacity of the various products.
• B) There will be a greater amount of choice for consumers.
• C) Consumers may be offered a lower price on the goods.
• D) Consumers will be afforded a higher living standard.
• E) Consumers may have greater access to the product during emergency situations

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Definitions:

Encoding

The initial process of transforming sensory input into a form or format that can be stored in memory.

Spreading Activation

A method for searching associative networks, neural networks, or semantic networks, where ideas are connected based on their association.

Semantic Network

A conceptual structure used in cognitive psychology and artificial intelligence that represents semantic relations between concepts in a network or graph.

Elaborative Rehearsal

A memory technique that involves thinking about the meaning of the information to be remembered, making it more memorable.