As discussed in class, over ___ of rebates are never submitted or cashed.

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BlackTom AI · Accepted Answer

Consider the prompt: 'As discussed in class, over ___ of rebates are never submitted or cashed.' Here are the options to evaluate.
Option 1: '15%'. This would suggest a relatively small share of rebates are never submitted. While plausible in some contexts, it seems inconsistent with common observations that a significant portion of rebates are never redeemed due to forgetfulness or complexity.
Option 2: '75%'. If three-quarters of rebates were never submitted or cashed, that would indicate an extremely high non-redemption rate. While there are programs with low redemption, 75% is typically higher than commonly cited figures in many discussions about rebates, making this option seem overly large.
Option 3: '50%'. A half of rebates not being submitted or cashed aligns with many classroom or industry anecdotes about substantial but not unrealistically high non-redemption rates. It reflects a mid-range figure that many students recall from discussions about rebate behavior.
Option 4: '5%'. A five-percent non-redemption rate would imply rebates are almost always submitted and cashed, which contradicts the idea that a notable portion is left unclaimed. This would be too low given typical experiences with rebate programs.
Option 5: '25%'. A quarter of rebates not submitted or cashed represents a moderate non-redemption rate. It is plausible and sometimes cited, though it may be lower than the middle estimate in some contexts.
Now, weighing the options, consider the phrasing 'over ___ of rebates are never submitted or cashed.' The wording implies a substantial, not negligible, portion. Among the choices, 50% stands out as the most substantial mid-point that often appears in instructional material as a representative figure for non-redemption. The 15% and 25% options seem comparatively modest, while 75% would be exceptionally high, and 5% would be unrealistically low for this context. Each incorrect option carries a specific misalignment with the practical interpretation of the phrase, either by underestimating the non-redemption rate or by proposing an implausibly extreme value. In sum, the options invite you to judge which magnitude best fits the common teaching example about rebate behavior, with 50% commonly serving as that representative mid-range figure.

MKTG:3000 Fall25 Final Exam - Requires Respondus LockDown Browser

As discussed in class, over ___ of rebates are never submitted or cashed.

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