People and Organizations Have to Make Choices About How to Allocate

question 86

Multiple Choice

People and organizations have to make choices about how to allocate time and money because

• A) government requires it
• B) corporations control our lives
• C) time and money are both scarce
• D) religious values conflict with economics
• E) there are unlimited resources

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Definitions:

Demand Characteristics

Cues in an experimental environment that suggest to participants what behavior is expected or desired by the researcher.

Obviously Correct

A term indicating that something is clearly right or true, leaving no room for doubt or debate.

Frequency Distributions

A statistical representation, often visual, that displays the number of occurrences of each distinct value of a variable.

Designated Categories

Predefined classifications or groups into which objects, individuals, or ideas are placed based on shared characteristics or attributes.