Todd had been looking to buy a boat for several months. He h…

Todd had been looking to buy a boat for several months. He had been looking diligently but couldn’t quite find what he was looking for. After looking what seemed like everywhere he finally found just what he was looking for, a beautiful 2005 Ranger Bay boat with a custom made tarpon tower. Though the boat wasn’t a rare boat, the custom made tarpon tower was just what he wanted. When he met the salesman at the small boat dealership he could hardly contain himself. He told the salesman he had been looking for months without luck and had finally found his perfect boat. He said that he was ready to get the paperwork done and take the boat home that very night.  Todd made which of the following mistakes? Might have multiple answers    

Josh and Sean have just started a negotiation to purchase a…

Josh and Sean have just started a negotiation to purchase a boat. Josh is the sales agent and Sean is the prospective buyer. As the negotiation begins, Sean tells Josh about what he’s looking for in a boat and the price range he is trying to stay in. Josh answers back and tells Sean about the different options he has available and also tells Sean that he’d be willing to show him some options that are JUST out of his price range so that he can get a better idea of how to compare prices. Which of the following terms best describes what happened in this negotiation up to this point?          

 While in Las Vegas, Sausaun stops at a roulette table and p…

 While in Las Vegas, Sausaun stops at a roulette table and places a $5 bet on black. After it comes back red, Sausaun bets $10 on black, looking to recoup his losses. During a string of 8 reds and one double-green, Sausaun continues to raise his bet, counting on a black hit to return his money. Soon, Sausaun is betting hundreds of dollars per spin of the wheel. Sausaun’s gambling behavior is an example of: