A Quantity Standard Indicates How Much of an Input Should

question 348

True/False

A quantity standard indicates how much of an input should be used to make a unit of product or provide a unit of service.

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Definitions:

Justification of Effort

The tendency to attribute a greater value to an outcome they had to put effort into achieving.

Liking

A feeling of affection or fondness towards someone or something.

Suffered

Experienced or been subjected to something bad or unpleasant.

Availability Heuristic

A mental shortcut that relies on immediate examples that come to a person's mind when evaluating a specific topic, concept, method, or decision.