Which of the Following Statements Is FALSE

question 16

Multiple Choice

Which of the following statements is FALSE?

• A) Economic goods are available in desired quantities at a zero price.
• B) A good is anything that gives satisfaction or happiness to individuals.
• C) Services are intangible goods such as dry cleaning, hospital care, and restaurant meal preparation.
• D) Wants are unlimited and include all material and nonmaterial desires.

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Definitions:

Poor Performance

Describes below average or failing work output by an employee or organization, often requiring corrective measures.

Stereotyping

The act of assigning generalized characteristics to individuals based solely on membership in a particular group.

Mental Effort

The amount of cognitive resources required to perform a task or solve a problem, varying with the complexity of the task and the individual's abilities.

Self-Serving Bias

The tendency to attribute positive outcomes to one's own actions and negative outcomes to external factors.