The Implicit Cost of Ownership

question 39

Multiple Choice

The implicit cost of ownership:

• A) is a cognitive bias.
• B) is an unproven concept.
• C) is the monetary opportunity cost that is often overlooked.
• D) All of these are true.

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Definitions:

Social Desirability

Refers to the tendency of respondents to answer questions in a manner that will be viewed favorably by others.

High-Mach Personality

Refers to individuals with a 'High Machiavellianism' trait, characterized by manipulation, a strategic way of thinking, and a focus on personal gain.

Influencing Others

Influencing others involves affecting the behavior, attitudes, or perceptions of others through various means, whether direct or indirect.

Personal Goals

Individual objectives or aspirations that one aims to achieve, which can be personal, professional, or educational.