We Have a Two-Step Process of Processing Information: a Quick

question 58

Multiple Choice

We have a two-step process of processing information: a quick initial interpretation of the situation and then a more careful deliberate consideration of the collected information. Which step is more open to possible errors due to fatigue or distraction?

• A) The first
• B) The second
• C) Both steps are equally affected by fatigue and distraction
• D) Neither step is affected by these two occurrences

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Definitions:

Financial Institutions

Organizations that provide financial services to its clients or members, including banks, credit unions, insurance companies, pension funds, and investment companies.

Investment Banker

Underwrites new issues of securities for corporations, states, and municipalities.

Securities

Financial instruments that represent ownership positions in corporations (stocks), creditor relationships with governmental bodies or corporations (bonds), or rights to ownership as represented by options.