A Used Car Will Sell for the Price of a Poor-Quality

question 17

Multiple Choice

A used car will sell for the price of a poor-quality used car even if it is high quality because:

• A) only poor-quality used cars will be for sale.
• B) there is no reason to believe that good-quality used cars will be for sale.
• C) owners of good-quality used cars won't want to sell their cars.
• D) only poor quality cars will sell.

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Definitions:

Sensation Thinkers

Individuals who prefer to rely on concrete, factual information and logical analysis when making decisions.

Abstraction

The process of reducing complexity by focusing on the main elements and ignoring specific details, often used in problem-solving and art.

Programmed Decisions

Decisions made in routine, repetitive, predictable situations that have occurred often enough to enable decision rules to be developed.

Structured Problems

Problems that are straightforward and clear with respect to information needs.