Carol's University Puts a Cap of $10,000 on the Combined

question 140

Multiple Choice

Carol's university puts a cap of $10,000 on the combined aid and scholarship money a student can receive. As a freshman, Carol had received $7,500 in combined loans and scholarships. For her second year, Carol won a competitive $5,000 scholarship, and her previous aid package was reduced by $2,500. According to prospect theory what will Carol's strongest feeling be?

• A) pride in winning the $5,000 scholarship
• B) happiness about the added $2,500 in her aid package
• C) sadness over losing $2,500 of her previous aid package
• D) happiness over having scholarship and aid money

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Definitions:

Organizational Hierarchy

The arrangement of individuals within an organization into levels of authority and responsibility, often visualized as a pyramid structure.

Orientations

Sessions or information provided to introduce and acquaint individuals with a new environment, organization, or role.

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The creation and distribution of audio or video content series that audience members can download or stream, typically around a specific theme or topic.

Audio

Pertains to sound, especially when recorded, transmitted, or reproduced.