Chris Works at a Local Coffee Shop on the Weekends

question 91

Multiple Choice

Chris works at a local coffee shop on the weekends.After the manager leaves for the night,he and his fellow employees are required to clean the tables and floors before closing.Often Chris does not put forth a strong effort to make sure he does his part and instead relies on his co-workers to do most of the cleaning.Chris is engaging in which of the following?

• A) Social loafing
• B) Social facilitation
• C) Confirmation bias
• D) Hindsight bias

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Definitions:

Disability Insurance

A type of insurance coverage that provides income in the event a worker is unable to perform their job due to a disability.

Fair Bet

A gambling term where the expected winnings are equal to the expected losses, meaning the bet has no advantage for either the house or the gambler.

Expected Utility

A concept in economics and decision theory that represents the average of all possible outcomes under uncertainty, weighted by their respective probabilities and the utility or satisfaction each outcome provides.

Marginal Utility

The additional satisfaction or benefit a consumer gains from consuming one more unit of a good or service.