BargainStock.com Based on Incomplete but Reliable Factual Information, Maggie Has Decided

question 46

Multiple Choice

BargainStock.com
Based on incomplete but reliable factual information, Maggie has decided to open BargainStock.com, an online stock trading company. Relying on her past experience and judgment, Maggie estimates a very high probability of success. Maggie feels that online stock trading, especially short-term day trading, will be lucrative for her business because when people are making money trading they want to make even more and when they are losing they keep "throwing good money after bad" to recoup.
-Refer to BargainStock.com. When Maggie estimates a very high probability of success, this refers to a(n) ____ probability.

• A) quantitative
• B) objective
• C) informal
• D) factual
• E) subjective

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Definitions:

Senatorial Courtesy

A customary practice in the U.S. Senate where senators give deference to the opinions of their colleagues from the same state in matters of federal appointment within that state.

Constitutional Innovations

New or novel changes, developments, or improvements made to a country's constitution to better reflect the evolving needs and values of its society.

Appellate Jurisdiction

The authority of a court to review and revise the judgment or decision of a lower court.

Original Jurisdiction

The authority of a court to hear a case for the first time, as opposed to appellate jurisdiction, which reviews decisions made by lower courts.