When Someone Does Not See That a Tool Can Be

question 114

Multiple Choice

When someone does not see that a tool can be used for something other than its intended purpose, then ________________ can be said to have occurred.

• A) the anchoring effect
• B) confirmation bias
• C) functional fixedness
• D) the representative heuristic

Recognize the effects of accounts payable and receivable on a company's liquidity.

Grasp the relationship between the operating cycle and cash cycle.

Identify strategies to manage and optimize the cash cycle.

Comprehend the role of credit management in affecting the firm's cash position.

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Definitions:

Macro-Level Factors

Broad, societal variables that influence patterns and trends on a large scale, including economic, political, and cultural dimensions.

Quantitative

Referring to a research method that focuses on obtaining data through measurable, numerical information and statistical analysis.

Data On Families

Information and statistics collected about the structural, economic, and relational aspects of families for analysis and study.

Probability Sample

Each person (or thing) has an equal chance of being chosen because the selection is random.