Heuristics Are

question 93

Multiple Choice

Heuristics are

• A)errors that people make over and over and that result in poor decision making.
• B)rules of thumb that simplify decision making.
• C)the tendency to base decisions on strong prior beliefs.
• D)a pattern of biased decision making.
• E)the tendency to overestimate one's own ability to control activities and events.

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Definitions:

Profession

A vocation founded upon specialized educational training, the purpose of which is to supply disinterested objective counsel and service to others, for a direct and definite compensation, wholly apart from expectation of other business gain.

Breach of Contract

Occurs when one party in a binding agreement fails to deliver according to the terms of the agreement.

Noble Roman's

A franchise-based pizza and sub restaurant chain known for its focus on quality ingredients and traditional preparation methods.

Specific Performance

A legal remedy requiring a party to perform a specific act, usually fulfilling a contractual agreement, rather than paying damages for failing to perform.