A Firm Is Looking to Construct a New Office

question 269

Multiple Choice

A firm is looking to construct a new office. It puts out a request for proposals from contractors inviting their price quotations given certain defined specifications. This is an example of:

• A) bid pricing.
• B) odd-even pricing.
• C) psychological pricing.
• D) leader pricing.
• E) price lining.

---

Definitions:

Argumentum Ad Populum

A fallacious argument that concludes a proposition to be true because many or most people believe it.

Popular Belief

An opinion or conviction that is widely held by the general population, regardless of whether it is based on fact or fiction.

False Analogy

A logical fallacy where an analogy is used to argue or conclude something, but the analogy is misleading or incomparable due to significant differences between the two situations.

Speaker Attack

A form of criticism or assault directed towards the person speaking, rather than addressing the argument itself.