If Choice Architects Frame Choices in Terms of Social Norms

question 25

Multiple Choice

If choice architects frame choices in terms of social norms:

• A)people will behave with the majority.
• B)people will be unaffected by what the majority is doing.
• C)people will behave in the opposite way,because "going rogue" is celebrated in our culture.
• D)None of these statements is true.

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Definitions:

Profit

The financial gain achieved when the revenue from sales or services exceeds the costs and expenses incurred in providing those sales or services.

Budgeted Fixed Overhead

The estimated amount of fixed costs that a business plans to incur over a certain period, usually for budgetary and planning purposes.

Production Activity

Processes involved in making goods, from raw materials to finished products.

Variable Costing

An accounting method where only variable production costs are included in product cost, with fixed overhead costs treated as period expenses.