Scenario 16.3 - AITP's Revenge

question 68

Multiple Choice

Scenario 16.3 - AITP's Revenge
The student chapter of the Association of Information Technology Professionals (AITP) notices the success that the APICS student chapter has with their traditional barbecue sauce fundraiser.Blinded by their jealousy,the club officers decide to sell a competing product,clocks made out of junk computer parts that the club sponsor whips up in his garage.Club officers set up a card table in the atrium of the business building and take turns staffing it for the duration of the computer clock season,which is four months.Twenty-five years of experience have revealed that demand varies depending on the month of the season.Customer demand in the first month can be described as 20-p1,in the second month as 20-1.4p2,in the third month 20-1.8p3,and in the fourth month 20-2.2p4.
-The components needed to produce a computer clock cost twenty-five cents.What should the price of the computer clocks be in the third month of the selling season?

• A)$14.52
• B)$10.13
• C)$7.27
• D)$5.68

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Definitions:

Cognitive Dissonance

The psychological discomfort experienced when holding two or more contradictory beliefs, ideas, or values, or when one's behavior contradicts their established beliefs.

Past Experiences

Events or occurrences that have taken place in an individual's life prior to the present moment, influencing their behavior and decision-making.

Negative Thinking

A cognitive process wherein an individual consistently perceives or anticipates the worst possible outcomes or focuses on the most negative aspects of a situation.

Learned Helplessness

A condition in which a person suffers from a sense of powerlessness, arising from a traumatic event or persistent failure to succeed, leading to decreased motivation and function.