Joshua Is Tired of School and His Part-Time Job and Decides

question 76

Essay

Joshua is tired of school and his part-time job and decides on the spur of the moment to take a weekend trip to Cabo San Lucas.he pays for it with his credit card rather than with money from his checking account.Which type of irrational behavior does this represent?
A.status quo bias
B.mental accounting
C.loss aversion
D.risk aversion

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Definitions:

Teamwork

The joint effort of a team to accomplish a shared objective or to finalize a task in the most effective and efficient manner.

Top Managers

Guide the performance of the organisation as a whole, or of one of its major parts.

Strategic Decisions

High-level choices made by an organization's leadership that can significantly impact its overall direction and success, typically involving long-term planning and resource allocation.

Long-Term Plans

Strategy and objectives set for achieving goals over an extended period, often spanning years.