You Started an Online Business Three Weeks Ago

question 40

Multiple Choice

You started an online business three weeks ago.Thus far,you have averaged 10 sales a day,which is one sale for every five hits.You are now considering giving up your day job and becoming a full-time online retailer.You have calculated the amount of income you can earn based on 10 sales a day and know that level of income would support you in a comfortable fashion.The belief that you will have 10 sales per day on average if this becomes your full-time occupation is based on which one of the following?

• A)mental accounting
• B)anchoring and adjustment
• C)law of small numbers
• D)bubble and crash theory
• E)confirmation bias

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Definitions:

Smart Field Devices

Intelligent sensors and actuators capable of communication and data processing, used for monitoring and controlling processes in industries.

SCADA System

Stands for Supervisory Control and Data Acquisition, a system used for controlling and monitoring industrial processes remotely.

Host Computer

A main computer that controls other computers, PLCs, or computer peripherals.

Allen-Bradley Data Highway

A proprietary network protocol developed by Allen-Bradley for industrial control and automation systems, facilitating communication between devices.