Which of the following is defined by how initial information affects the conclusion one draws, and this conclusion then impacts later judgments?

a. Stereotype
b. Recency effect
c. Primacy effect
d. Belief updating

Ans: d. Belief updating

Business

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A prospective buyer wants the seller to include an ornate flagpole attached to the front porch of the house. What should the agent do to ensure the flagpole conveys?

a. nothing, because the pole is attached to the house b. call the seller and advise them the buyer wants the pole c. include the flag pole in the offer to purchase d. photograph the flag pole as evidence of attachment

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Which of the following best describes cross-licensing?

A) One patent holder licenses another individual to use a patented object, and in return, the patent holder is given the right to hold any patents the licensee may have. B) Two patent holders license each other to use their patents as long as both holders are allowed to license to other parties. C) Two different patent holders license a third individual to use a patented object, and that third party uses the two patents in an authorized manner. D) Two patent holders license each other to use their patents on the condition that neither licenses anyone else to use his or her patent without the other's consent.

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