In Which of the Following Approaches to Problem-Solving Do You

question 81

Multiple Choice

In which of the following approaches to problem-solving do you try various different responses until one will work?

• A) trial-and-error
• B) heuristic
• C) analogy
• D) algorithm

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Definitions:

Stock Market

A public market for the trading of company stock and derivatives at an agreed price; it is a key component of the economy.

Day Trader

An investor who buys and sells securities within the same trading day.

Utility Function

An economic model or formula that represents a consumer's preferences by assigning a utility value to each possible choice or bundle of goods.

Probability

A measure of the likelihood of a specific event or outcome occurring.