You Started an Online Business Three Weeks Ago

question 15

Multiple Choice

You started an online business three weeks ago. Thus far, you have averaged 10 sales a day, which is one sale for every five hits. You are now considering giving up your day job and becoming a full-
Time online retailer. You have calculated the amount of income you can earn based on 10 sales a
Day and know that level of income would support you in a comfortable fashion. The belief that you
Will have 10 sales per day on average if this becomes your full-time occupation is based on which
One of the following?

• A) Mental accounting.
• B) Anchoring and adjustment.
• C) Law of small numbers.
• D) Bubble and crash theory.
• E) Confirmation bias.

---

Definitions:

Instrumental Morality

A stage in moral development where individuals base their moral decisions on the rewards or consequences of actions, often seen in children.

Good-child Morality

A stage in moral development where behavior is guided by seeking approval and maintaining good relations with others.

Moral Reasoning

The process of determining right from wrong in a situation based on personal values, societal norms, and ethical principles.

Story-dilemmas

Fictional or real-life scenarios used typically in psychological research to study moral reasoning and decision-making.