One of the Behavioral Problems with Relevant Cost Analysis Is

question 38

Multiple Choice

One of the behavioral problems with relevant cost analysis is a possible overemphasis on:

• A) Short-term goals.
• B) Unit fixed costs.
• C) Opportunity costs.
• D) Strategic goals.
• E) Goal congruency issues.

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Definitions:

Cognitive Dissonance

A psychological phenomenon where a person experiences discomfort or distress from holding two or more conflicting beliefs, values, or attitudes.

Credibility

The characteristic of being deemed reliable and credible.

Establishing Credibility

The process of making oneself or one's statements believable or trustworthy.

Social Proof

A psychological phenomenon where people assume the actions of others in an attempt to reflect correct behavior for a given situation.