People Tend to Say That They Would Prefer to Have

question 170

Multiple Choice

People tend to say that they would prefer to have $1000 today rather than $1200 two weeks from now-even though, logically, they would be better off with the $1200 in two weeks. The phenomena underlying this tendency is known as ____.

• A) risk aversion
• B) the certainty effect
• C) temporal discounting
• D) the status quo bias

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Definitions:

Number Of Employees

The overall number of people working for a firm, encompassing both those in full-time and part-time positions.

Step-down Method

A cost allocation method used in accounting to distribute overhead costs to various departments or products.

Machine Hours

The total number of hours that machinery is operational during a certain period.

Number Of Employees

A count of all individuals working for a company, including both full-time and part-time staff.