Compared to Those in Collectivistic Cultures, Couples in Individualistic Cultures

question 163

Multiple Choice

Compared to those in collectivistic cultures, couples in individualistic cultures are more likely to

• A) emphasize passion and romance in a marriage.
• B) expect personal fulfillment in a marriage.
• C) get divorced.
• D) all of the choices are correct.

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Definitions:

Opportunity Cost

The cost associated with not choosing the next best alternative when making a decision, representing the benefits one could have received by taking an alternative action.

Alternative Use

The value or potential benefit that is foregone as a result of using an asset or resource in a particular way instead of another possible way.

Sunk Costs

are past expenses that have already been incurred and cannot be recovered or changed, and thus should not affect future business decisions.

Avoidable Costs

Expenses that can be eliminated if a particular decision is made, not incurred in the absence of the decision.