Which of the Following Is Not a Common Mistake Made

question 170

Multiple Choice

Which of the following is not a common mistake made by consumers?

• A) the failure to take into account the implicit costs of an activity
• B) the failure to ignore sunk costs
• C) being overly optimistic about their future behaviour
• D) being overly pessimistic about their future behaviour

---

Definitions:

Stakeholder Perspective

A viewpoint in decision-making that considers the interests and impacts on all parties involved or affected by the action, including investors, employees, customers, and the community.

Social Responsibility

The idea that entities, both individuals and corporations, must act for the benefit of society at large.

Stakeholder Perspective

An approach to business that considers the interests and impacts of all parties with a stake in the company's operation, including employees, customers, suppliers, and the community.