When Making a Decision to Buy a New Computer, the Irrelevant

question 155

Multiple Choice

When making a decision to buy a new computer, the irrelevant costs are the

• A) differential costs.
• B) relevant costs.
• C) qualitative characteristics.
• D) sunk costs.

---

Definitions:

Social Loafing

The phenomenon where individuals exert less effort to achieve a goal when they work in a group than when they work alone.

Bystander Apathy

The phenomenon where individuals are less likely to offer help to a victim when other people are present.

Cognitive Dissonance

A psychological phenomenon where an individual experiences discomfort or distress from holding two or more contradictory beliefs, values, or ideas simultaneously.

Psychologically Inconsistent

A state or condition where an individual's thoughts, feelings, or behaviors are not in harmony or alignment.