Which Statement About the Life Cycle Hypothesis Is NOT True

question 8

Multiple Choice

Which statement about the Life Cycle Hypothesis is NOT true?

• A) It describes the choices of consumers who live for a long time.
• B) It separates consumers' earnings into two stages.
• C) It assumes that people prefer instability.
• D) It assumes that people prefer a higher standard of living to a lower standard of living.

---

Definitions:

Uncertainty Avoidance

A cultural dimension that describes the extent to which people in a society are uncomfortable with ambiguity, risk, and uncertainty, leading to a preference for structured situations and clear rules.

Gender Equality

The state in which access to rights or opportunities is unaffected by gender, ensuring fairness for all genders.

Assertiveness

The quality of being confident and direct in claiming one's rights or putting forward one's views.

Formality

The degree of adherence to established rules, procedures, and protocols, often influencing the tone and conduct within professional environments.