People Tend to Wait Until Deadlines Get Close to Work

question 145

Multiple Choice

People tend to wait until deadlines get close to work on projects in part because they believe that they can complete the projects in less time than it will actually take. Which findings from behavioral economics is this observation consistent with?

• A)People tend to be time inconsistent and people tend to be overconfident.
• B)People tend to be time inconsistent but not that people tend to be overconfident.
• C)People tend to be overconfident, but not that people tend to be time inconsistent.
• D)Neither that people tend to be overconfident nor that people tend to be time inconsistent.

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Definitions:

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a specific period.

Inventory

Inventory refers to the goods and materials that a business holds for the ultimate goal of resale or processing.

Cost Of Goods Sold

Financial obligations directly arising from the manufacturing of a company’s products, including material and labor costs.