________ Out of Every 10 US Consumers Owned a Smart

question 115

Multiple Choice

________ out of every 10 US consumers owned a smart phone in 2014.

• A) Two
• B) Four
• C) Six
• D) Eight
• E) Ten

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Definitions:

Time Inconsistency

The tendency of individuals to change their plans or preferences over time in ways that they themselves will later regard as being against their own interests.

Myopia

Short-sightedness, in a business context, refers to a focus on short-term results at the expense of long-term interests.

Conceptualizing The Future

The process of envisioning and planning for future trends, changes, and developments in an industry or society.

Myopia

Short-sightedness in planning and decision-making, where immediate benefits are prioritized over long-term gains.