Maximizers Are Individuals Who

question 104

Multiple Choice

Maximizers are individuals who:

• A)are only satisfied if their decision is perceived by others to be the 'best'.
• B)make decisions that are "good enough."
• C)evaluate every possible option prior to making a decision.
• D)select the fastest reasonable option in an effort to maximize their time.

---

Definitions:

Maturity Value

The total amount that will be paid to the holder of a financial instrument at its maturity date, including principal and any accrued interest.

Promissory Note

A financial document in which one party promises to pay a certain sum of money to another party under agreed terms.

Promissory Note

A financial instrument that contains a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date.

Dishonored

Refers to a financial instrument, such as a check or promissory note, that has not been paid upon presentation because of insufficient funds or other reasons.