Tony Is a Sophisticated Business Person

question 25

True/False

Tony is a sophisticated business person.Tony's stock broker advises him to buy 1000 shares of Q-Tel at the current market price of $10 per share.The broker's advice is based on a careful assessment of the market and Tony's advice to the broker about his risk tolerance.Tony takes the advice and directs his broker to buy the shares.The shares turn out to be a very bad investment and, after six months, are worthless.Tony has no claim against his broker.

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Definitions:

Total Institution

A place of residence and work where a large number of similarly situated people, cut off from the wider society for a considerable time, together lead an enclosed, formally administered life.

Role Conflict

A situation in which an individual faces competing demands or expectations from different roles or social positions they occupy.

Homework Assignment

Educational tasks assigned to students by their teachers to be completed outside the classroom setting.

Role Conflict

Occurs when there are incompatible demands placed upon a person by two or more statuses or roles they hold, leading to stress and difficulty in satisfying the demands of all roles.