-Mitch Has Been Offered Three Different Contracts for a Service

question 12

Multiple Choice

-Mitch has been offered three different contracts for a service he provides. What is the present value of Contract 1?

• A) $66,240.81
• B) $118,627.11
• C) $70,215.21
• D) $125,744.76

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Definitions:

Descriptive Norm

A norm that characterizes the typical behavior of a group, acting as a guide to expected behaviors in specific situations.

Consistency Motive

refers to the desire or drive to maintain a stable, consistent set of beliefs, attitudes, and behaviors over time.

Affiliation Goal

An objective aimed at creating or nurturing relationships and connections with others.

Theory of Reasoned Action

A framework for understanding the relationship between attitudes, intentions, and behaviors, emphasizing the role of cognitive reasoning in behavioral decision-making.