An Agent Is Trying to Sell a House for $100,000

question 262

Multiple Choice

An agent is trying to sell a house for $100,000 for her principal. The principal will sell the house for as little as $80,000, but wants to get as much as possible. The agent tells her cousin to offer $81,000. The agent's actions are:

• A) a legitimate effort to get the deal done that will benefit everyone involved
• B) a violation of the duty of accounting
• C) a violation of the duty of notification
• D) unethical, but it does not violate legal duties
• E) none of the other choices

Identify the concepts of assimilation, accommodation, and equilibration in Piaget's theory.

Recognize the significance of cohort effects on developmental differences.

Differentiate between cross-sectional, longitudinal, and sequential research designs.

Explain the concept of selective attrition and its impact on research studies.

---

Definitions:

Blocking

A method in experimental design to reduce variance by grouping experimental units with similar characteristics together and then randomly assigning treatments within these groups.

Average Prices

The mean value of a set of prices, calculated by adding all the prices together and dividing by the number of prices.

Supermarket Chains

Large retail organizations that own and operate multiple supermarket outlets, offering a wide range of food and household products.

Incentive

Something that motivates or encourages an individual or group to act or perform in a certain way.