Hugh Bought a New Calculator at Staples for $125

question 97

Multiple Choice

Hugh bought a new calculator at Staples for $125.One week later, he saw an ad from Walmart showing the same calculator on sale for $65.Hugh said to himself, "I'm glad I got my calculator at Staples; the ones at Walmart are probably defective.I don't mind having paid more for mine." Hugh's statement reflects

• A)cognitive dissonance reduction.
• B)self-perception bias.
• C)informational influence.
• D)peripheral-route processing.

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Definitions:

CEOs

Chief Executive Officers, the highest-ranking individuals in a company, responsible for making overarching decisions and setting strategic direction.

High Salaries

Compensation levels significantly above the average or median for a role, often reflecting high skill levels, responsibility, or job market demand.

Accountability

The obligation of an individual or organization to account for its activities, accept responsibility for them, and disclose the results in a transparent manner.

Corporate Social Responsibility

A business model that helps a company be socially accountable to itself, its stakeholders, and the public.