Which of the following illustrates the principle of diminishing marginal satisfaction?
A)
The second slice of pizza does not taste as good as the first slice.
B)
The more I have, the more I want.
C)
Higher financial returns require larger risks.
D)
Things were better in previous years.
A
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Which of the following phrases are good examples of messages from the superiority end of the continuum
a. "I knew you couldn't do it." b. "I told you so." c. "I would never have made that mistake." d. All of the above
Which of the following statements best represents the distinction between binding and nonbinding arbitration?
A) Unlike nonbinding arbitration, binding arbitration takes place at a court, in the presence of a judge. B) If the arbitration is nonbinding, the decision and award of the arbitrator can be appealed to the courts. C) A nonbinding arbitration takes place at a court, in the presence of the jury. D) A nonbinding arbitration implies that the arbitrator's decision must be reinforced by the courts.