How Does the Concept of Time Inconsistency Explain Procrastination

question 41

Multiple Choice

How does the concept of time inconsistency explain procrastination?

• A)People have several modes of decision making, and the less time they have to react, the worse their decisions are.
• B)An individual's ability to remember long-term benefits when making decisions diminishes the closer the action becomes.
• C)People have two selves, a "future-oriented" self and a "present-oriented" self, which have conflicting objectives when it comes to decision making.
• D)People never take long-term benefits into account when making decisions.

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Definitions:

Contact Management

The process of storing, organizing, and tracking personal and professional contacts, often facilitated by software to help manage relationships with clients and colleagues.

Supply Chain Management

The oversight and management of all the steps required to produce and deliver products or services to the end-user.

Increasing Account Penetration

Refers to strategies and efforts aimed at expanding sales within an existing customer account by offering more products or services.

Service Promises

Service promises are commitments made by a business to deliver a certain level of service to customers, often used to set expectations and build trust.