The Text Reports a Study Conducted on Students from Harvard

question 37

Multiple Choice

The text reports a study conducted on students from Harvard and Radcliffe. Compared to how their thinking was characterized as seniors, when these students were freshmen, their thinking was more likely to:

• A) be tolerant of many different points of view
• B) reflect their self-chosen ideas and convictions
• C) be dualistic, emphasizing the "either-or" aspects of thought
• D) focus on understanding ambiguous answers, rather than focusing on truth and knowledge

---

Definitions:

Profitability

A financial metric measuring the degree to which a company or activity generates income greater than its costs, typically expressed as a percentage of revenue.

Experience Curve

A concept that suggests costs decline over time as a result of gained experience and increased efficiency.

Pricing Strategy

A plan or approach a company uses to set the prices for its products or services, aiming to balance competitiveness with profitability.

Product's Life Cycle Stage

The phase that a product goes through during its market life, including introduction, growth, maturity, and decline, affecting marketing strategy and profitability.