CH4

The Halo Effect can be explained as ____________. A. An effect in which an observer may tend to bend their judgement based on a specific characteristic B. An effect wherein an observer underestimates the worth of the observed C. An outstanding characteristic that sheds light on new ideas D. A tendency to emphasize and remember stimuli that contradict one's understanding.

A. An effect in which an observer may tend to bend their judgement based on a specific characteristic correct

Which of the following factors is responsible for the possibility of Moore's Law? A. The distance between pathways inside silicon chips gets smaller with each successive generation. B. Silicon is commonly available in the form of sand or silicon dioxide, which helps keep the costs of chip production low. C. Constant interaction among three forces—size, heat, and power—makes Moore's Law practical. D. The availability of better cooling technologies ensures chips can continue growing smaller and more power efficient. E. With the exponential growth in information technology-enabled businesses, the demand for computers makes Moore's Law possible.

A. The distance between pathways inside silicon chips gets smaller with each successive generation.

When dealing with children, Parents can handle the halo effect by: A. Discriminating between their children based on their intellect B. Appreciating their children's' existing talents and encouraging development of new talents C. Commanding and making all decisions for their children D. Mentoring children and guiding them at every stage during their childhood

B. Appreciating their children's' existing talents and encouraging development of new talents

Network effects are characterized by a positive-feedback loop, where the biggest networks continue to grow bigger. What implication does this positive-feedback loop have on network markets? A. Formation of alliances to counter the growing influence of dominant firms B. Early, fierce competition between rivals C. Loss of revenue for market leaders due to arrival of new entrants D. Emergence of several firms that constantly swap market dominance E. Shrinking of market size due to the ambivalent nature of competition

B. Early, fierce competition between rivals

"Sasha scores an 'A' on every one of her tests. I bet she could be a good student leader." This is an example of: A. Logical ordering B. The halo effect C. A grade bias incorrect D. Decision by extension

B. The halo effect

Which of the following is not an example of the Halo effect? A. Purchasing a soap with a better packaging design as compared to other soaps. B. A product that has a low price is of an inferior quality, while an expensive product would have a great quality C. Choosing a restaurant based on the reviews by food bloggers instead of choosing a place based on how beautiful its pictures look online D. A product backed by a well-known brand ambassador is generally assumed to be more reliable

C. Choosing a restaurant based on the reviews by food bloggers instead of choosing a place based on how beautiful its pictures look online

A person's _________ can affect the degree of influence of the halo effect. A. Character incorrect B. Financial status C. Emotional state D. Analytical ability

C. Emotional state

Which of the following would be a situation where the halo effect is irrelevant? A.Conducting a performance evaluation B. Grading an essay question C. Waiting for an outcome that depends on an act of nature D. Making a decision based on a minor feature of the main idea

C. Waiting for an outcome that depends on an act of nature

Which of the following is an example of a one-sided market? A. Nintendo games B. Credit card services C. Operating systems D. Yellow pages E. Cell phone networks

E. Cell phone networks

Which of the following statements is a valid reason for chip manufacturers to carry minimal inventory? A. Rising transportation costs greatly increase the costs of manufacturing and make moving inventory between locations highly expensive. B. Chip manufacturers maintain low inventories to hedge the move of semiconductor technology away from silicon-based chips. C. The potential physical and electronic damage to silicon chips if left unused for extended periods of time deters manufacturers from maintaining higher inventories. D. Chip manufacturers leverage the higher costs of chip-based products to their advantage by keeping supply low compared to demand. E. Products with a significant chip-based component rapidly fall in value and can cause huge losses when overproduced.

E. Products with a significant chip-based component rapidly fall in value and can cause huge losses when overproduced.