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The Car Colleen Is a Student and Her Older Brother Has Loaned

Question 116

Multiple Choice

The Car
Colleen is a student and her older brother has loaned her an old car.The car is in need of several repairs before she will feel comfortable driving it.
-Refer to The Car (Scenario) .Colleen's brother feels the car is worth repairing, because he has owned several cars made by the same manufacturer as this car and he has driven this car for several years.He is using ________ to determine that the car has value despite its need of repair.


A) intuitive decision making
B) selective coordination of thought processes
C) sunk costs
D) return on investment
E) anchoring effect

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