In Problem Solving, Heuristics

question 81

Multiple Choice

In problem solving, heuristics

• A) are relatively unsophisticated strategies.
• B) are bound to produce a solution, if you apply them rigorously.
• C) are strategies that examine only some of the alternatives.
• D) are seldom as useful as algorithms.

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Definitions:

E-marketplace

An online platform where buyers and sellers meet to exchange goods, services, or information, often supported by electronic tools and services.

Privately Owned Trading Communities

Online platforms or networks owned by private entities that facilitate trading, business transactions, and communication among its members.

Bid Price

The highest price that a buyer is willing to pay for a security, currency, or commodity.

Straight Rebuy

A purchasing situation in which a company reorders an existing product or service from a list of acceptable suppliers without modifications.