A Heuristic Strategy That Combines Hill Climbing and Subgoals Is

question 117

Multiple Choice

A heuristic strategy that combines hill climbing and subgoals is ________.

• A) information retrieval
• B) working backward
• C) trial and error
• D) means-end analysis

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Definitions:

Utility from Insurance

The satisfaction or utility gained by individuals from reducing uncertainty and risk in their lives through the purchase of insurance contracts.

Income Increase

Income increase refers to the rise in an individual's or household's earnings, affecting their purchasing power and consumption habits.

Fair Insurance Policy

An insurance policy for which the premium is equal to the expected value of the claim.

Risk-Averse

The characteristic of preferring to avoid risk, opting for lower but more certain returns over potential higher but uncertain returns.