Which Item MOST Likely Makes Use of Heuristics

question 39

Multiple Choice

Which item MOST likely makes use of heuristics?

• A)a chemical equation for the synthesis of sulfuric acid
• B)a recipe for making cookies on the back of a box of cornflakes
• C)an article by a Nobel Prize winner entitled "How to Succeed in Science"
• D)a computer program for keeping track of inventory at a department store

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Definitions:

Personal Property

Property that includes movable items such as furniture, cars, and investments, as opposed to real estate.

200% Declining-Balance Rate

A method of accelerated depreciation allowing for a double rate of depreciation on assets, compared to the straight-line method.

MACRS

The Modified Accelerated Cost Recovery System, a method of depreciation for tax purposes that allows faster write-offs on property.

Mid-Month Convention

A rule for depreciation of business assets that assumes assets are acquired and disposed of at the midpoint of the month.