Professor Chadwick Evaluated a Graduate Student's Research Proposal Negatively Simply

question 64

Multiple Choice

Professor Chadwick evaluated a graduate student's research proposal negatively simply because he had heard a rumor about the student's incompetence. When later informed that the rumor had been patently false, the professor's assessment of the student's research proposal remained almost as negative as it was originally. This best illustrates

• A) the representativeness heuristic.
• B) the availability heuristic.
• C) belief perseverance.
• D) framing.

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Definitions:

Operating Assets

Assets that are used for the day-to-day operations of a business, generating revenue and other operational benefits.

Net Operating Income

Income derived from a company's everyday business operations, calculated by subtracting operating expenses from gross income.

Interest And Taxes

Financial charges on borrowed capital and compulsory contributions to state revenue, both of which affect a company's net income.

Return On Investment

A performance measure used to evaluate the efficiency of an investment or compare the efficiency of multiple investments.