Consider the Following Commonsense Saying: "If at First You Don't

question 4

Multiple Choice

Consider the following commonsense saying: "If at first you don't succeed, try, try again." According to cognitive dissonance theory, trying again should ____________ how much you value the outcome of your efforts.

• A) increase
• B) decrease
• C) not affect
• D) increase confusion over

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Definitions:

Direct Cost

Expenses that can be directly attributed to the production of specific goods or services, such as raw materials and labor.

Opportunity Cost

The expense incurred from skipping the next most favorable choice when a decision is made.

Tuition Expenses

Tuition expenses are the fees charged for instruction and training, typically at educational institutions such as colleges or universities.

Opportunity Cost

Opportunity cost refers to the value of the best alternative forgone when a decision is made to pursue a certain action.