Anita Wants a High-Paying Career After College

question 64

Multiple Choice

Anita wants a high-paying career after college. After graduation, she must choose between a job with a moderate salary but a good chance for advancement, and a job with a much higher salary but less chance for long-term advancement. If Anita chooses the higher salary now, she is probably using the heuristic known as

• A) mean-end analysis.
• B) working backwords.
• C) hill-climbing.
• D) computer simulation.

---

Definitions:

Registration Statement

A formal document filed with regulatory authorities that provides details about an investment offering for sale to the public, often associated with securities.

Investment Company Act of 1940

A U.S. federal law that regulates the organization and activities of investment companies, primarily focused on protecting investors.

Small Investors

Individuals or parties that invest smaller amounts of capital or resources in financial markets or entities compared to larger investors.

Accredited Investor

An individual or entity that meets the requirements set forth by regulations, allowing them to invest in certain types of higher-risk investments, private placements, and other securities offerings not registered with regulatory entities.