Which of the Following Is True

question 41

Multiple Choice

Which of the following is true?

• A) Cognitive biases are the result of trying to reduce uncertainty and simplify the world.
• B) Cognitive biases are an individual difference and do not affect all human beings in the same way.
• C) Business executives and students are generally reserved about their knowledge of the facts.
• D) People are generally good at thinking of the consequences of their decisions outside of their immediate family and friends.

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Definitions:

Contractual Vertical Marketing System

A formal agreement among members at different levels of the distribution channel to work together in order to more efficiently reach the consumer.

Service-Sponsored Franchise System

A franchise model where the franchisor provides extensive services to the franchisee, such as training and marketing support.

Service-Sponsored Retail Franchise System

A franchise model where the franchisor provides a range of support services to the franchisee, typically in the retail sector.