Applying the Idea of Time Inconsistency,we Can Say That,in General,a

question 27

Multiple Choice

Applying the idea of time inconsistency,we can say that,in general,a person's "future-oriented self":

• A)has the same objectives as the present-oriented self,just articulates it differently.
• B)tends to choose healthier decisions,and the present-oriented self gives into temptation more easily.
• C)is less rational in decision-making,because that self rarely matches actual behavior.
• D)is more rational in decision-making,because the choices are generally healthier or more altruistic.

---

Definitions:

Discounted Payback

The period of time required to recoup the cost of an investment considering the time value of money through discounted cash flows.

Financial Basis

The underlying value or criteria used for accounting or financial management purposes, often referred to as the method of recognizing revenues and expenses.

Production Process

The method or series of actions taken to manufacture a product, from the acquisition of raw materials to the final product.