Consumers Don't Like to Pay for Automobile Insurance, but They

question 16

Multiple Choice

Consumers don't like to pay for automobile insurance, but they know that they can be fined heavily if stopped by the police and they don't have proof of insurance. Therefore, their attitude toward insurance is based on the belief that it will eliminate the punishment they could incur if they don't have insurance. According to the functional theory of attitudes, which function does this attitude toward insurance perform?

• A) knowledge function
• B) utilitarian function
• C) ego-defensive function
• D) simplicity function
• E) value-expressive function

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Definitions:

Flexible Benefits Plans

Employee benefit programs that allow individuals to choose from a range of benefit options to tailor their coverage to their specific needs and preferences.

Family-Friendly Benefits

Family-Friendly Benefits are employer-provided benefits designed to support employees in balancing their work responsibilities with family life, such as flexible scheduling and parental leave.

Defined-Benefit Plans

A retirement plan where the employer guarantees a specified pension payment upon retirement, based on the employee's earnings history, tenure of service, and age.

Defined-Benefit Pension Plans

Retirement plans where employee benefits are determined by a formula based on factors like salary history and duration of employment.