Case 17.1 ​

question 23

Multiple Choice

Case 17.1
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William is a 38-year-old computer systems executive.He has come to a point in his life where he is reassessing his ambitions and personal life.He attends professional development conferences regularly and is working on an MBA.Although he eats a low-fat diet and exercises regularly,he works 70-80 hours a week,seldom sees his children except after they are in bed,does not visit his place of worship except on religious holidays,and feels as though his wife is a stranger.William believes that if he can earn just 20 percent more,he can relax because his family will be financially secure.
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-Refer to Case 17.1.William has decided to change a significant habit in his life.At this time,he is reading about the habit and gathering ideas on how to change it.William is in which stage of the change process?​

• A) ​Motivation
• B) Knowledge​
• C) Practice​
• D) Reinforcement​

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Definitions:

Interest-earning Assets

Assets owned by a person or corporation that generate interest income.

Rate of Interest

The percentage of a sum of money charged for its use, typically expressed as an annual percentage rate.

Households

Units in an economy consisting of one or more people who live in the same dwelling and share meals or living accommodation, and may consist of a single family or some other grouping of people.

Aggregate Demand

Cumulative need for every type of good and service in an economy, observed at a consistent overall price point across a chosen period.