Rachel's Parents Used to Pay Her an Allowance Every Week

question 30

Multiple Choice

Rachel's parents used to pay her an allowance every week to feed the cats and to do a few other chores around the house. However, once her mother lost her job, her parents stopped giving her an allowance. Although Rachel quit making her bed every morning, she still continued to feed the cats. Which of the following best explains why Rachel continues to feed the cats?

• A) Without the extrinsic reward, the task itself is eliminated.
• B) With the extrinsic reward, the execution of the task relies on internal motivation.
• C) Without the intrinsic reward, the execution of the task relies on external motivation.
• D) Without the extrinsic reward, the execution of the task relies on internal motivation.
• E) With the intrinsic reward, the execution of the task relies on external motivation.

Identify the role of variable and fixed costs in various decisions.

Recognize the importance of opportunity costs in decision-making.

Understand the significance of the book value and its role as a potential sunk cost.

Grasp the concept of contribution margin and its application in decisions involving production constraints.

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Definitions:

Variety Seeking

The tendency of consumers to seek diversity and change in their choices or experiences.

Cybermediaries

Online intermediaries that facilitate transactions or information flow between businesses and consumers.

Directories

Collections or lists of information categorized for easy reference, often used for finding contact information or services.

Portals

Online platforms that aggregate a wide variety of content from different sources, providing users with access to information and services.