A Personal Computer Could Not Be Used to

question 39

Multiple Choice

A personal computer could not be used to

• A)prepare detailed budgets.
• B)analyze investment possibilities.
• C)store and retrieve financial information efficiently.
• D)make financial decisions.
• E)keep insurance coverage inventories.

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Definitions:

Randomness Error

An error that occurs when there is no discernible pattern or cause in the mistake or variability.

Intuition

An unconscious process of making decisions based on imagination and possibilities.

Intuition

A process of understanding or knowing something immediately, based on a person's feelings rather than facts or evidence.

Anchoring

A cognitive bias where an individual relies too heavily on an initial piece of information (the "anchor") when making decisions.