Why Do Psychologists Assert That Heuristics Are Beneficial for Problem

question 156

Multiple Choice

Why do psychologists assert that heuristics are beneficial for problem solving?

• A) Heuristics increase the amount of time we spend arriving at good solutions to problems.
• B) Heuristics decrease our chances of errors dramatically.
• C) Heuristics help us make decisions efficiently
• D) Heuristics are considered the most logical thought pattern for problem solving.

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Definitions:

Financial Statement

An organized log of economic actions and the financial situation of a firm, an individual, or any other unit.

Permanent/Temporary

Pertaining to accounts in accounting where permanent accounts are balance sheet accounts that carry over balances into the next financial period, and temporary accounts are reset or closed to equity through retained earnings at the end of a period.

Normal Balance

The side of an account (debit or credit) where increases in the account are recorded, reflecting the nature of the account.

Financial Statement

A formal record of the financial activities and position of a business, person, or other entity, typically including income statement, balance sheet, and cash flow statement.