John has been interviewing job applicants all day. Finally he hires one of the last people he interviewed. He has forgotten important information about a better applicant who spoke to him earlier in the day. He is experiencing _____.

Fill in the blank(s) with the appropriate word(s).

Answer: the recency effect

Business

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If a case brief does not follow proper format, a court will not allow it to be filed in court

a. True b. False

Business

You are considering buying a share of stock in a firm that has the following two possible payoffs with the corresponding probability of occurring

The stock has a purchase price of $50.00. You forecast that there is a 40% chance that the stock will sell for $70.00 at the end of one year. The alternative expectation is that there is a 60% chance that the stock will sell for $30.00 at the end of one year. What is the expected percentage return on this stock, and what is the return variance? A) -8.00%, 15.36% B) 4.00%, 30.72% C) 8.00%, 15.36% D) -4.00%, -30.72%

Business