If People Make a Judgment Based on How Easy It

question 46

Multiple Choice

If people make a judgment based on how easy it is for an instance to come to mind, they may fall victim to the

• A) belief perseverance effect.
• B) representativeness heuristic.
• C) hindsight bias.
• D) availability heuristic.

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Definitions:

Never Married

Describes individuals who have never entered into a legally recognized marriage or long-term committed relationship.

Living in Poverty

The condition of not having sufficient resources or income to meet basic needs such as food, shelter, and healthcare.

Capital Balance

The amount of money that owners have invested in a business, plus any profits or minus any losses from the company's operations.

Accounting Period

The specific time period covered by financial statements, often a fiscal year or quarter, within which all financial transactions are recorded and reported.