Which of the Following Is an Example of a Commitment

question 35

Multiple Choice

Which of the following is an example of a commitment device?

• A) Lu-yin has part of each paycheck deposited in a vacation savings account
• B) Tassili is indifferent between (a) paying $1 in three years and receiving $2 in four years or (b) paying $1 today and receiving $2 next year
• C) Frank eats a piece of cake today and saves the rest of the cake for eating later

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Definitions:

Extensive Knowledge

A broad and deep understanding and insight into a specific subject area or multiple areas.

Information Technology

The use of computers, networking, and telecommunications equipment to store, retrieve, transmit, and manipulate data.

Workplace

The physical or virtual space where employees conduct their job responsibilities and tasks.

Career Advancement

The process of moving forward in one’s career, often marked by increased responsibilities, higher status, and better compensation.