The Representative Heuristic Helps to Explain Why, in Some Instances

question 25

Multiple Choice

The representative heuristic helps to explain why, in some instances, we tend to base our judgments of other people on:

• A) a careful consideration of their individual characteristics
• B) their actual behavior, even when it conflicts with their personalities
• C) how well they have treated us or others in the past
• D) stereotypes regarding their gender, race, appearance, etc.

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Definitions:

Automatic Financing

A preapproved loan where funds are automatically available when needed.

Factoring Receivables

A transaction in which a company trades its outstanding invoices to another entity at a lower value to quickly secure cash.

Customer Payment

The process through which customers complete transactions to pay for goods or services received from a business.

Exchange Rate

The value of one currency for the purpose of conversion to another. It indicates how much of one currency can be exchanged for another currency.