Salary Smoothing, Automatic Payroll Deductions, and Early Withdrawal Penalties Are

question 123

Multiple Choice

Salary smoothing, automatic payroll deductions, and early withdrawal penalties are all examples of

• A)mechanisms imposed by companies to extract more from their workers and customers.
• B)policies that do not fundamentally alter decisions because they do not change the benefits or costs of an action.
• C)precommitments.
• D)hardwired heuristics.

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Definitions:

Evolutionary Adaption

The process by which organisms adjust and change over generations to better survive and reproduce in their environments.

Anticipate

To expect or predict something to happen in the future.

Negative Emotions

Feelings that are generally considered to be unpleasant or undesirable, such as sadness, anger, fear, or jealousy.

Classically Conditioned

The process of learning through association, where a neutral stimulus becomes a conditioned stimulus after being paired with an unconditioned stimulus.