Heuristic Models

question 3

Multiple Choice

Heuristic models:

• A) provide an optimum solution.
• B) are able to accommodate broad problem definitions.
• C) have fallen from use because of SAILS.
• D) are typically "seat of the pants" solutions.

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Definitions:

Social Regulation

Rules imposed by government to correct market failures and achieve social goals, which include protecting consumers, workers, and the environment.

Net Benefits

The difference between the total benefits and total costs of a particular action or decision.

Social Regulation

Consists of policies and rules designed to correct behaviors that are not in the best interest of society, including environmental protection and worker safety.

Safety

The condition of being protected from or unlikely to cause danger, risk, or injury.