Suppose That You Are Trying to Estimate How Much Your

question 98

Multiple Choice

Suppose that you are trying to estimate how much your new employer is going to pay you.You start with an estimate of what others are paid,and then take into account your unique qualifications that are relevant.You have just used the

• A) availability heuristic.
• B) representativeness heuristic.
• C) anchoring and adjustment heuristic.
• D) actor-observer difference.

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Definitions:

Accident

An unplanned event that results in injury, damage, or loss.

Paycheque

The physical or electronic means by which an employer disburses wages or salaries to employees.

Incidence Rate

A measure used in epidemiology to assess the frequency of new cases of a disease or condition within a specified population over a certain period of time.

Full-time Employees

Workers who are employed for the standard working hours of an organization, typically benefiting from full employment rights, including salary, benefits, and employment security.