Cheryl Doesn't Use Online Automated Bill Payment Because She Wants

question 11

Multiple Choice

Cheryl doesn't use online automated bill payment because she wants to have control over when she pays her bills.Even when she has enough money in her account to pay her bills, though, Cheryl still spends her weekend afternoons watching television rather than paying her bills.This is consistent with the idea of ____.

• A)status quo bias
• B)omission bias
• C)reactance
• D)temporal gain

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Definitions:

Erosion

The gradual reduction or depletion of an asset's value, often due to competitive market forces or the introduction of new products.

Product Line

A product line is a group of related products under a single brand offered by a company to fulfill different consumer needs.

Sales Estimate

A projected figure indicating the amount of sales a company expects to achieve in a certain period.

Net Present Value

A method used to evaluate the profitability of an investment, calculating the difference between the present value of cash inflows and outflows.