The Statement That "Night Shift Workers Make a Higher Wage

question 490

Multiple Choice

The statement that "night shift workers make a higher wage than day shift workers" is likely to reflect the fact that

• A)most people's preference is to work the day shift.
• B)some people prefer to work a night shift for nonmonetary reasons.
• C)night shift jobs are generally more technically difficult.
• D)more women than men work the night shift.

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Definitions:

Sunk Costs

Expenses that have already been incurred and cannot be recovered, which should not affect future decision-making but often do.

Faulty Hindsight

The misjudgment of the reasons behind past decisions based on the outcome rather than on the information available at the time.

Sunk Costs

Costs that have already been incurred and cannot be recovered, which should not influence future business or personal decisions.

Escalated Commitment

A pattern of behavior in which an individual or group continues to rationalize their decisions, invest additional resources, and follow a failing course of action.