The Tendency to Solve Problems Using Procedures or Strategies That

question 16

Multiple Choice

The tendency to solve problems using procedures or strategies that worked in the past with similar problems is called:

• A)an availability heuristic.
• B)the anchoring effect.
• C)a mental set.
• D)the representativeness heuristic.

---

Definitions:

Due Diligence

The thorough investigation or exercise of care that a reasonable business or person is normally expected to take before entering into an agreement or contract with another party.

Reasonable Steps

Reasonable steps are measured and practical actions taken to achieve a particular goal or to comply with legal and regulatory standards.

Event

An organized occurrence, gathering, or activity designed for a specific purpose or objective.

Organizational Level

Organizational level refers to a specific layer within the hierarchy of an organization, each with its own responsibilities and functions.