PHARMACOLOGY NURS 251 MODULE 9 EXAM
Q&A 2026 STUDY GUIDE WITH VERIFIED
SOLUTIONS
◉ An individual's willingness to engage in a risky financial behavior
is known as their:
Financial risk capacity
Financial risk efficacy
Financial risk awareness
*Financial risk tolerance*. Answer: financial risk tolerance
◉ Which of the following factors is not associated with an
individual's financial risk tolerance?
Educational attainment
Gender
,Wealth
*All of the above are associated with risk tolerance*. Answer: All of
the above are associated with risk tolerance
◉ Many people make the mistake of believing that they will never
experience painful losses. This mental fallacy is also known as:
Loss aversion
Confirmatory bias
Status quo bias
*Optimism bias*. Answer: optimism bias
◉ A preference for leaving things as they are is known as:
Loss aversion
Physical inertia
,*Status quo bias*
Negative momentum. Answer: status quo bias
◉ People's propensity to procrastinate on financial decisions can
ironically be used to their benefit. Which of the following exemplifies
this effect?
Giving them numerous choices when they are trying to make a
decision
*Designating a default option that generally leads to good outcomes*
Giving them complex puzzles to solve before they make the decision
All of the above. Answer: Designating a default option that generally
leads to good outcomes
◉ People with a ____________ tend to prefer spending less money
today and save more for the future.
*Future orientation*
, Present orientation
Status quo bias
High risk tolerance. Answer: future orientation
◉ Which of the following best describes the concept of the hedonic
treadmill?
It takes constant work to maintain even a minimal baseline of
happiness
*Despite large temporary fluctuations, over time people tend to
revert to a baseline level of happiness*
Happiness has inertia: happy people tend to become happier while
sad people tend to become sadder
People who must work to meet their basic needs are the happiest.
Answer: Despite large temporary fluctuations, over time people tend
to revert to a baseline level of happiness
◉ All of the following are true regarding the relationship of money
and happiness EXCEPT...
Q&A 2026 STUDY GUIDE WITH VERIFIED
SOLUTIONS
◉ An individual's willingness to engage in a risky financial behavior
is known as their:
Financial risk capacity
Financial risk efficacy
Financial risk awareness
*Financial risk tolerance*. Answer: financial risk tolerance
◉ Which of the following factors is not associated with an
individual's financial risk tolerance?
Educational attainment
Gender
,Wealth
*All of the above are associated with risk tolerance*. Answer: All of
the above are associated with risk tolerance
◉ Many people make the mistake of believing that they will never
experience painful losses. This mental fallacy is also known as:
Loss aversion
Confirmatory bias
Status quo bias
*Optimism bias*. Answer: optimism bias
◉ A preference for leaving things as they are is known as:
Loss aversion
Physical inertia
,*Status quo bias*
Negative momentum. Answer: status quo bias
◉ People's propensity to procrastinate on financial decisions can
ironically be used to their benefit. Which of the following exemplifies
this effect?
Giving them numerous choices when they are trying to make a
decision
*Designating a default option that generally leads to good outcomes*
Giving them complex puzzles to solve before they make the decision
All of the above. Answer: Designating a default option that generally
leads to good outcomes
◉ People with a ____________ tend to prefer spending less money
today and save more for the future.
*Future orientation*
, Present orientation
Status quo bias
High risk tolerance. Answer: future orientation
◉ Which of the following best describes the concept of the hedonic
treadmill?
It takes constant work to maintain even a minimal baseline of
happiness
*Despite large temporary fluctuations, over time people tend to
revert to a baseline level of happiness*
Happiness has inertia: happy people tend to become happier while
sad people tend to become sadder
People who must work to meet their basic needs are the happiest.
Answer: Despite large temporary fluctuations, over time people tend
to revert to a baseline level of happiness
◉ All of the following are true regarding the relationship of money
and happiness EXCEPT...
