Which of the Following Is an Example of the Fact

question 92

Multiple Choice

Which of the following is an example of the fact that people are prone to inertia?​

• A)An individual deciding to continue with an insurance policy even after its premium rate increases and alternative policies are available in the market
• B)An individual deciding to decrease the consumption of a commodity when the utility derived from it falls
• C)An individual deciding to opt for additional savings schemes apart from those set as default by employers
• D)An individual replacing high-power electrical lights and appliances with low-power ones to reduce electricity consumption per month
• E)An individual visiting a new grocery store for her monthly grocery shopping

Identify key factors in determining the allocation of bonus and profit-sharing across employees.

Recognize the tax implications for employees receiving stock options as part of performance incentives.

Distinguish between monetary and nonmonetary rewards and their implications.

Understand the criteria for viability and implementation hurdles for gain-sharing plans.

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Definitions:

American Psychological Association

A leading scientific and professional organization representing psychology in the United States, dedicated to advancing the creation, communication, and application of psychological knowledge to benefit society and improve lives.

Frequency Polygons

A graphical representation of the distribution of a dataset that shows the frequencies of classes via connected dots.

Variability

The measure of how spread out or scattered scores are in a distribution.

Modality

The number of peaks or modes in the distribution of data, used to describe the shape of the data distribution.