Once We Make a Decision or Choice, and Feel Some

question 44

Multiple Choice

Once we make a decision or choice, and feel some cognitive dissonance,

• A) we form additional reasons for that decision or choice.
• B) we begin to doubt our reasons for making that decision or choice.
• C) we become less confident about the decision or choice.
• D) the option we did not choose becomes more attractive.

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Definitions:

Direct Financing Lease

A leasing arrangement in which the lessor finances the leased asset, and the lessee's payments are structured to cover the asset's costs and provide a return to the lessor.

Implicit Interest Rate

Refers to the interest rate in a financial transaction that is not explicitly stated but rather implied by the terms of the arrangement.

Present Value

The present worth of a future amount of money or a series of cash flows, discounted at a certain rate of return.

Annual Lease Payment

The total amount payable over a year under the terms of a lease agreement.