You Have Just Received Seed Money for a New Internet

question 154

Multiple Choice

You have just received seed money for a new Internet business and you want to hire a dozen people with a lot of creative potential. To hire the most creative people, you would select applicants who:

• A)try to avoid taking risks, have a high need for achievement, and have a high need for social approval.
• B)value self-direction, have a high degree of nonconformity, and have a relatively low need for affiliation.
• C)have strong mental models regarding their field of knowledge, have high synthetic intelligence, and have a relatively low need for social approval.
• D)have no experience in this industry, have high analytic intelligence, and have a relatively low need for achievement.
• E)have none of these sets of characteristics.

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Definitions:

Oral Auction

In this auction type, bidders submit increasing bids until only one bidder remains. The item is awarded to the last remaining bidder.

Oral Auction

An auction conducted by an auctioneer who calls out prices of items for which participants physically present place bids verbally.

Expected Selling Price

The price at which a seller anticipates being able to sell a product or service.

Bid Shade

Bid shading is the strategy of offering a lower bid than what you're actually willing to pay, often used in auctions or competitive bidding scenarios.