If the Challenger Is Different from the Defender, and the Challenger

question 40

Multiple Choice

If the challenger is different from the defender, and the challenger does not repeat, what should one do to make an educated decision about replacement?

• A)Compute the economic life and the associated EAC of all the challengers.
• B)Compute the EAC of the remaining economic life of the defender.
• C)Keep the defender.
• D)Replace the defender by the challenger immediately.
• E)Structure the problem as a set of mutually exclusive alternatives.

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Definitions:

Festinger

Leon Festinger was a social psychologist known for his theory of cognitive dissonance, which describes the discomfort felt when holding conflicting beliefs, attitudes, or behaviors.

Psychology Text

A written or digital publication concerning the study of the mind and behavior, often used for educational purposes.

Cognitive Dissonance

A psychological state that describes the uncomfortable feeling when a person holds two or more conflicting cognitions, beliefs, attitudes, or values at the same time.

Operant Conditioning

A type of learning in which the consequences of behavior are manipulated so as to increase or decrease the frequency of an existing response or to shape an entirely new response.