Which of the Following Was a Finding in the Classic

question 19

Multiple Choice

Which of the following was a finding in the classic study by Festinger and Carlsmith (1959) ?

• A) Those who got $1 to perform a boring task said the task was more interesting than did those who got $20.
• B) Those who got $20 to perform a boring task said the task was more interesting than did those who got $1.
• C) Paid groups said the task was less boring than did nonpaid groups.
• D) Women performed the tasks for less money than men.

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Definitions:

Cash Surpluses

Occurs when a company has more cash inflow than outflow, leading to excess liquidity.

Liquidity

The simplicity of turning an asset into cash without impacting its market value.

Money Market

A segment of the financial market where short-term financial instruments with high liquidity and short maturities are traded.

Float Motive

The rationale for holding money in transaction accounts to satisfy daily operational cash flow needs.