How Is "Theory" Defined

question 168

Multiple Choice

How is "theory" defined?

• A) Testable predictions about an event
• B) A formulation of relationships underlying observed events
• C) A feedback process that predicts development
• D) A scientific method used to study child development

Identify different types of biases that can affect decision-making.

Understand the concept of heuristics and how they simplify decision-making processes.

Distinguish between heuristics and biases in decision-making.

Acknowledge the role of creativity and innovation in decision-making.

---

Definitions:

Acceptance

In contract law, the expression by the offeree of their agreement to the terms of the offer, forming a legally binding contract.

Merchants

Businesses or individuals engaged in the sale of goods, particularly in a specialized market.

Communication

In a contract, an offer made to the offeree or the offeree’s agent.

Consumer Lease

is a contract where an individual leases goods for personal, family, or household purposes for a set period of time.