Status Quo Bias

question 74

Multiple Choice

Status quo bias:

• A)is a type of mental barrier to saving.
• B)occurs when people actively make decisions to change, even if it is fairly difficult to do so.
• C)is when people exhibit when they change their behavior to match others around them.
• D)occurs when people have a negative view on the status quo.

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Definitions:

Resident District Court Judge

A judge assigned to a specific federal judicial district within the United States, responsible for overseeing cases and legal matters within that region.

Legal Entities

Organizations that have legal rights and obligations, including the ability to enter into contracts and own property, separate from their individual members.

General Public

The collective of individuals in a society, often used to refer to the average consumers or citizens.

Board of Directors

A body of people chosen by stockholders to supervise and make significant decisions regarding the corporation's management.