Examlex
A decline in the acid-test ratio indicates a reduced ability to pay current liabilities with funds from the sale of inventory.
Working Backward
A problem-solving strategy where the solver starts from the desired goal and works in reverse order to reach the initial problem state.
Elimination-by-aspects
A decision-making model where choices are sequentially filtered based on specific criteria until one option remains.
Compensatory Decision-making
A decision-making process where individuals make choices by weighing the pros and cons of different options to compensate for weaker attributes by stronger ones.
Functional Fixedness
A cognitive bias that limits a person to use an object only in the way it is traditionally used, ignoring other possible uses.
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