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Answer the following questions using the information below:
John's 8-year-old Chevrolet Trail Blazer requires repairs estimated at $6,000 to make it roadworthy again. His wife, Sherry, suggested that he should buy a 5-year-old used Jeep Grand Cherokee instead for $6,000 cash. Sherry estimated the following costs for the two cars:
-The cost NOT relevant for this decision is the ________.
Capacity For Change
The active phase of self-regulation; willpower.
Self-Regulation
The process by which an individual controls their behavior, emotions, and thoughts towards achieving long-term goals.
Capacity For Change
The potential or ability of an individual or system to modify its attributes or behavior in response to external conditions or stimuli.
Willpower
The ability to resist short-term temptations in order to meet long-term goals.
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