Cognitive Dissonance Refers to the ____________ That People Go Through

question 101

Multiple Choice

Cognitive dissonance refers to the ____________ that people go through when they act in ways that are inconsistent with their inner beliefs.

• A) Freudian defence mechanism
• B) decision-making process
• C) physiological process
• D) anxiety and discomfort

Differentiate between nominal and real interest rates and the concept of compound interest.

Explain the role of entrepreneurs as residual claimants in a business context.

Discuss the implications of a focus on profit for business efficiency and decision-making.

Describe non-routine decisions in entrepreneurship that involve significant financial risks.

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Definitions:

Domestic Operations

Activities, processes, or operations that a business conducts within the country where it is based, as opposed to international or global operations.

Stakeholders

Individuals or groups that have an interest, investment, or impact on an organization’s actions and outcomes, including employees, customers, suppliers, and investors.

Task Environment

The immediate external factors including competitors, customers, and suppliers that directly impact an organization's operations and performance.

Generational Cohort

A group of individuals born and raised in the same historical period, sharing similar social, political, and economic influences.