If a person engages in mental accounting,he or she:

A) is unwilling to recognize a loss and move on.
B) values some dollars more than others.
C) tends to avoid making decisions.
D) tries to balance his or her bank account mentally,without writing anything down.

Question

Shatiqua Smith · Accepted Answer

Final Answer : B, Explanation :  Mental accounting refers to the tendency of individuals to assign different values to the same amount of money depending on how and where they received it or how they plan to spend it. This means that someone may value $100 earned from a bonus more than $100 earned from regular work due to the perception of it being extra money. Therefore, choice B is the correct answer.

If a person engages in mental accounting,he or she:

A) is unwilling to recognize a loss and move on.
B) values some dollars more than others.
C) tends to avoid making decisions.
D) tries to balance his or her bank account mentally,without writing anything down.

Definitions

Learning Objectives

Learning Objectives

Related questions

If a person engages in mental accounting,he or she:A) is unwilling to recognize a loss and move on.B) values some dollars more than others.C) tends to avoid making decisions.D) tries to balance his or her bank account mentally,without writing anything down.

Definitions

Learning Objectives

Learning Objectives

Related questions

If a person engages in mental accounting,he or she:

A) is unwilling to recognize a loss and move on.
B) values some dollars more than others.
C) tends to avoid making decisions.
D) tries to balance his or her bank account mentally,without writing anything down.