Nikos Has the Opportunity to Start His Own Business Doing

question 135

Multiple Choice

Nikos has the opportunity to start his own business doing what he loves. However, to do this, he would have to liquidate all of his resources, including selling his home and emptying out his savings. In the end, however, he decides that he has too much to lose and sticks with his day job, which is less fulfilling but offers a sure thing. Nikos is making his decision based on ____.

• A) temporal discounting
• B) fear of success
• C) learned helplessness
• D) risk aversion

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Definitions:

Histogram

A graphical representation of the distribution of numerical data, using bars to show the frequency of data in successive numerical intervals of equal size.

Skewed

Describes a distribution that is not symmetrical, with data points that are more frequent on one side than the other.

Acres

A unit of area used primarily in the United States, equal to 4,840 square yards or about 4,047 square meters.

Stem-and-Leaf Display

A graphical method of displaying quantitative data to observe its distribution, resembling a histogram turned on its side for clearer numeric value reading.