13.Anchoring effect occurs _________________

(1 Point)

when decision makers think they know more than they do or hold unrealistically positive views of themselves and their performance.

when decision makers who seek out information that reaffirms their past choices and who discount information that contradicts past judgments

when decision makers who want immediate rewards but want to avoid immediate costs

decision makers fixate on initial informationsuch as first impressions, ideas, prices, and estimatesand then fail to adequately adjust for subsequent information

14... is the extent to which a society encourages people to be tough, confrontational, assertive, and competitive versus modest and tender.

(1 Point)

Gender differentiation

Power distance

Assertiveness

Performance orientation

15.Which of the following is not a feature of Cost Leadership Strategy ( as defined by Michael Porter)?

(1 Point)

focusing on narrow segment or niche

overhead kept to a minimum

does everything it can to cut costs

product must be perceived as comparable in quality

16.A Differentiation Strategy ( as defined by Michael Porter):

(1 Point)

focusing on narrow segment or niche

overhead kept to a minimum

offers unique products

does everything it can to cut costs