When the Outcome of a Decision Will Be Realized Far

question 23

True/False

When the outcome of a decision will be realized far in the future, consumers may consider the rational aspects of the decision to be more important than the hedonic aspects of the decision.

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Definitions:

Periodic Tenancy

A lease interest in land for an indefinite period involving payment of rent at fixed intervals, such as week to week, month to month, or year to year.

Specify

To state or describe something clearly and precisely.

Revoke

To officially cancel, withdraw, or annul a decision, order, or agreement.

Impunity

Exemption from punishment or loss or escape from fines in cases where actions could typically result in such consequences.