When Is Cognitive Dissonance Most Likely to Occur

question 181

Multiple Choice

When is cognitive dissonance most likely to occur?

• A) during the pre-purchase stage
• B) if the product does not have the desired features
• C) when there is a balance between attitudes, beliefs, and knowledge
• D) as the cost and complexity of the purchase increases

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Definitions:

Audit

A systematic examination and evaluation of financial records or transactions of an entity to ensure accuracy, compliance with standards, or regulations.

Investment

The allocation of resources, such as capital or time, in expectation of generating a future return or benefit.

Corporate Social Responsibility

Refers to business practices involving initiatives that benefit society and demonstrate care for the environmental and social impacts of a company's operations.

Credit Risk

The risk that a borrower will not repay a loan according to the terms, leading to a financial loss for the lender.