What Is the Difference Between Functional Fixedness and Mental Set

question 63

Multiple Choice

What is the difference between functional fixedness and mental set?

• A) A mental set is more rigid than functional fixedness.
• B) Functional fixedness emphasizes the objects involved in solving the problem, whereas mental set emphasizes the problem solver's strategies.
• C) Functional fixedness applies to problem finding, whereas mental set applies to problem solving.
• D) There is no substantial difference; the two terms are identical.

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Definitions:

Present Value Interest Factors

A factor used to calculate the present value of a future amount when the interest rate and period are known.

Guaranteed Residual Value

Guaranteed Residual Value is an assurance that the value of an asset at the end of its lease term will be at least a specified amount.

Maintenance Agreement

A contract between a service provider and a client that outlines the terms for the maintenance of equipment, buildings, or software.

Implicit Lease Rate

The interest rate implied in a lease agreement, factoring both the lease payments and the value of the leased asset.