When a Person Is Paid $5 Instead of $10,he or She

question 52

Multiple Choice

When a person is paid $5 instead of $10,he or she feels cheated.When the same person is paid $90 instead of $100,it does not seem like a big difference to him or her.However,if the person is paid 90$ instead of $180,he or she feels cheated again.This scenario can be best explained by _____.

• A)the Ponzo illusion
• B)the Stroop effect
• C)Weber's law
• D)Thorndike's law

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Definitions:

Scope Of Work

A detailed document that outlines the objectives, deliverables, and specific tasks required to complete a project.

Vendors And Suppliers

External organizations or individuals that provide goods or services needed for a business to operate or for a project to be completed.

Providers

Entities or individuals that supply services or goods to others, often within a professional or commercial context.

Commodities

Economic goods or products before they are processed and/or given a brand name, such as grain, cotton, or raw minerals.