"If It Walks Like a Duck,and Quacks Like a Duck,it

question 103

Multiple Choice

"If it walks like a duck,and quacks like a duck,it must be a duck..." This expression best captures the essence of the

• A)judgmental heuristic.
• B)correspondence heuristic.
• C)fundamental attribution error.
• D)availability heuristic.
• E)representativeness heuristic.

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Definitions:

Two-Part Tariffs

A pricing strategy that includes a fixed fee plus a variable fee based on usage or consumption.

Volume Discounts

Price reductions given to customers who buy in large quantities, aimed at encouraging bulk purchases.

Incentive Obstacles

Challenges faced in creating or maintaining motivation among stakeholders, often due to misaligned goals or insufficient rewards.

Compensation Plan

A structured policy designed by businesses to remunerate its employees, which can include salaries, wages, bonuses, and commissions.