Sherryl Doesn't Use Online Automated Bill Payment Because She Wants

question 190

Multiple Choice

Sherryl doesn't use online automated bill payment because she wants to have control over when she pays her bills. Even when she has enough money in her account to pay her bills, though, Sherryl still spends her weekend afternoons watching television rather than paying her bills. This is consistent with the idea of ____.

• A) status quo bias
• B) omission bias
• C) reactance
• D) temporal gain

---

Definitions:

Cash Receipts

The collection of money, including coins, currency, checks, and electronic funds transfers, by a business from its customers.

Operating Activities

Activities related to the day-to-day functioning of a business that affect the operating income, including sales, supply purchases, and operational expenses.

Common Shares

Ownership in a corporation represented by equity shares, which grant holders the right to vote and a portion of the company's earnings.

Investing Activities

Financial transactions involving the purchase and sale of long-term assets and other investments not included in cash equivalents.