Alonzo,the President of His High School's Senior Class and Honor

question 12

Multiple Choice

Alonzo,the president of his high school's senior class and honor society,has been very busy and did not study for an important history test.Although Alonzo is very confident,he realizes that he probably will not do well on the test.He has talked himself into cheating because he believes that cheating will help him maintain his strong GPA,which he will need to be accepted by a good college.He tells his friend,"I don't usually cheat,but I really have to do it." Which of the following might explain Alonzo's behavior?

• A)the holier-than-thou effect
• B)the deception effect
• C)the cheating requirement
• D)a depression disorder
• E)motivated blindness

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Definitions:

Compound Interest

A method where interest is calculated not just on the initial amount invested or borrowed, but also on the interest that has been accumulated over previous periods, for either savings or loans.

Discount Rate

The rate of interest that is applied to find out the present value of cash flows predicted in the future, within the framework of discounted cash flow analysis.

Present Value

The monetary valuation presently of a future sum of money or ongoing cash flows, considering a predetermined rate of return.

Interest Rate

The amount charged by a lender to a borrower for the use of assets, expressed as a percentage of the principal, typically on an annual basis.