Which of the Following Statements Is True

question 39

Multiple Choice

Which of the following statements is true?

• A) Neither sunk costs nor the sinking of a cost will affect a decision maker's best choice
• B) Both sunk costs and the sinking of a cost will affect a decision maker's best choice
• C) Sunk costs will affect a decision maker's best choice, but the sinking of a cost will not
• D) Sunk costs will not affect a decision maker's best choice, but the sinking of a cost will affect their choice

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Definitions:

Norms

Established standards of behavior or guidelines that are considered normal, appropriate, or acceptable within a group or society.

Soft Influence Tactics

Strategies used to persuade or influence others in a non-coercive way, such as through personal appeal or logical argument.

Hard Influence Tactics

Strategies or actions used to persuade or coerce others into following a direction or decision, often involving pressure or demands.

Commitment

The state or quality of being dedicated to a cause, activity, or job; wholehearted devotion.