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Wharton Coursera Business Financial Modeling Quiz ( all answers correctly highlighted)

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Module 1 Quiz: Comparisons, Cooperation, and Competition Quiz, 10 questions Question 1 1 point 1. Question 1 Peter, Angela, and Opie work together at the Pawtucket Brewery. They worked closely a s a team to promote Pawtucket new craft beer. They started working at Pawtucket the same year and they o...

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  • April 6, 2022
  • 48
  • 2021/2022
  • Exam (elaborations)
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Module 1 Quiz: Comparisons, Cooperation, and Competition
Quiz, 10 questions

Question 1
1
point

1. Question 1
Peter, Angela, and Opie work together at the Pawtucket Brewery. They worked closely as a team to
promote Pawtucket new craft beer. They started working at Pawtucket the same year and they often
socialize together.

At the end of the year, Opie was selected as the employee of the month. Peter has really worked
hard and had hoped to be promoted. When he compares his position to Opies, he makes a(n):



Upward social comparison.



Downward internal comparison.



Downward social comparison.



Upward internal comparison.

Question 2
1
point

2. Question 2
In the latest marketing campaign for Pawtucket’s craft beer, Bonanza Brew, demand far exceeded
supply. In fact, at most bars, Bonanza Brew sold out quickly and at others it had to be rationed. This
further increased demand for Bonanza Brew. This is a classic example of:



Scarcity.



Social cooperation.

,Dynamic instability.



Social competition.

Question 3
1
point

3. Question 3
Suppose that Peter cares deeply about his career and also loves to write poetry. He does not like
gardening. Opie cares deeply about her career and is an avid gardener, but does not like poetry.
Which of the following is an example of impactful comparisons that are likely to be intense?



Opie comparing her gardening accomplishments to Peter’s advancement in the company.



Peter comparing his poetry accomplishments to Opie’s gardening accomplishments.



Peter comparing his advancement in the company to Opie’s advancement.



Peter comparing his poetry accomplishments to Opie’s lack of interest in poetry.

Question 4
1
point

4. Question 4
Which of the following comparisons are likely to be very intense? (Check all that apply)



Graduates at a college reunion sharing their accomplishments with each other.



Expectant fathers gaining weight.



Everyone in the office ate a doughnut, so you take one as well.

,The sports rivalry between UNC and Duke.

Question 5
1
point

5. Question 5
Which of the following is NOT an example of a comparison process that triggers harmful effects?



Adopting children instead of having children of your own.



A capuchin monkey is refusing to trade their stone for a cucumber when it notices its neighbor
receiving a grape instead.



The American Airline union withdrawing concession when they realized AA executives received
special retention bonuses.



David Miliband resigning from British parliament when his brother Ed wins the leadership position for
the Labor Party at the last round.



Abel Kiviat lamenting his second place finish and silver medal from the 1912 Olympics.

Question 6
1
point

6. Question 6
James Woods High School’s soccer team comes out roaring in the second half after being down by
one point at halftime, and wins in a blowout. This is an example of:



Blowout effect.



Motivational effects of comparison.



The special comparison effect.

, Discontinuous comparison effects.

Question 7
1
point

7. Question 7
Stewart, a runner, has an intense rivalry against Bertram. At a recent race, Stewart and Bertram
were both running faster than their personal records because they were running together. Stewart,
wanting to win so badly against his rival, trips Bertram on purpose right before the finish line and
wins the race. Which of the following is true?



Stewart tripping Bertram is an example of a constructive comparison.



Stewart’s desire to beat his rival reflects the power of internal comparisons.



Stewart wanting to beat his rival badly reflects a form of reference point comparison.



Stewart and Bertram are both likely to run faster because of rivalry effects.

Question 8
1
point

8. Question 8
The comparison process can do which of the following? (Check all that apply)



Help to explain why rivals take steroids.



Help to explain why people quit competitions when they are losing badly.



Help explain why people feel better after volunteering to help the homeless. 



Help to explain why people are more motivated when they are losing by a small amount.

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