The Insufficient Justification Effect Refers to

question 96

Multiple Choice

The insufficient justification effect refers to

• A) reduction of dissonance by internally justifying one's behaviour when external justification is "insufficient".
• B) reduction of dissonance whenever is needed
• C) reduction of dissonance under extremely stressful situations
• D) None of the above.

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Definitions:

Venture Capitalists

Individuals who fund startup businesses and small enterprises believed to have potential for long-term expansion, in return for a share of ownership.

General Public

Refers to the aggregate of individuals in society who are not actively involved in the planning or execution of business, governmental, or professional activities.

Economic Growth

An increase in the production of goods and services in an economy over a certain period, indicating the health of the country's economy.

Interest Rates

The cost of borrowing money expressed as a percentage of the total amount loaned, or the reward for saving and lending money.