The Overall Retail Market in the United States in 2017

question 18

Multiple Choice

The overall retail market in the United States in 2017 was estimated at about:

• A) $47 trillion.
• B) $4.7 trillion.
• C) $490 billion.
• D) $47 billion.

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Definitions:

Satisficing

A decision-making strategy that aims for a satisfactory or adequate solution rather than the optimal one.

Work Schedule

The planned hours and days that an employee is expected to work within a given period.

Evaluates

The process of assessing or determining the value, significance, or condition of something, often for the purpose of making decisions or drawing conclusions.

Escalation of Commitment

Is a pattern of behavior in which an individual or group continues to invest in a decision despite evidence of its ineffectiveness or the likelihood of negative outcomes.