University)
The Halo Effect can be explained as - Correct Answers An effect in which an observer may
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tend to bend their judgment based on a specific characteristic.
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Which of the following would be a situation where the halo effect is irrelevant? - Correct
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Answers Waiting for an outcome that depends on an act of nature.
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Which of the following is not an example of the Halo effect? - Correct Answers Choosing a
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restaurant based on the reviews by food bloggers instead of choosing a place based on how
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beautiful its pictures look online.
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A person's _________ can affect the degree of influence of the halo effect. - Correct
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Answers Emotional state.
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When dealing with children, Parents can handle the halo effect by: - Correct Answers
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Appreciating their children's' existing talents and encouraging development of new talents.
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"Sasha scores an 'A' on every one of her tests. I bet she could be a good student leader."
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This is an example of: - Correct Answers The halo effect.
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Network effects are characterized by a positive-feedback loop, where the biggest networks
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continue to grow bigger. What implication does this positive-feedback loop have on network
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markets? - Correct Answers Early, fierce competition between rivals.
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Which of the following factors is responsible for the possibility of Moore's Law? - Correct
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Answers The distance between pathways inside silicon chips gets smaller with each
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successive generation.
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Which of the following statements is a valid reason for chip manufacturers to carry minimal
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inventory? - Correct Answers Products with a significant chip-based component rapidly
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fall in value and can cause huge losses when overproduced.
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Which of the following is an example of a one-sided market? - Correct Answers Cell phone
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networks.
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Which amongst the following is an outcome of the modern social media platform? - Correct
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Answers SEO, Wikis, Social Engagement.
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Collaborative consumption can be described as: - Correct Answers A system that enables
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customers to obtain and provide resources via a platform.
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