Solved

Reference - Alien Babies

question 64

Multiple Choice

Reference - Alien babies. Toymaker Alice came out with a doll that looked like a baby alien. Alice initially had trouble selling the doll to retailers even after offering retailers a contract by which they could buy all the dolls they needed for $10. Slick Eddie, however, who had a retail toy store, signed the agreement, whereby he could buy all the dolls he needed for $10. Slick Eddie had a toy store but did very little business because he was so sleazy. Parents wanted to keep kids out. After a few months, the baby alien doll was a surprise hit and every child wanted one. Slick Eddie, however, did not see much demand in his store because, regardless of whether he had alien baby dolls or not, parents disliked him. When demand grew, Alice raised to $40 per doll the price charged to retailers who had not signed a contract to purchase all the dolls they needed for $10. Slick Eddie decided to purchase alien dolls for $10 from Alice and then resell them for $35 to a retailer, Ben, who did not have a contract with Alice to purchase the dolls for $10. His contract with Ben required that he also gift wrap the dolls and that he would provide Ben with all the gift-wrapped dolls he could produce. Eddie then ordered 10,000 alien baby dolls from Alice. When Alice figured out what was happening, sales of alien baby dolls to Slick Eddie were stopped. What type of contract did Slick Eddie have with Alice?

Definitions:

Mindfulness-Based Cognitive Therapy

A therapeutic approach that combines mindfulness practices, such as meditation, with elements of cognitive therapy to help break the cycle of depression.

Rational-Emotive Therapy

A cognitive-behavioral therapy developed by Albert Ellis that helps clients identify and change the irrational assumptions and thinking that help cause their psychological disorder.

Rational-Emotive Therapy

A form of cognitive-behavioral therapy that identifies and challenges irrational beliefs, promoting emotional well-being and problem-solving.

Faulty Assumptions

Incorrect beliefs or misconceptions that individuals hold, often leading to negative outcomes or behaviors based on those beliefs.