Which of the Following Occurs as the Level of Service

question 6

Multiple Choice

Which of the following occurs as the level of service decreases?

• A) Cost of waiting time decreases, and cost of providing service decreases.
• B) Cost of waiting time decreases, and cost of providing service increases.
• C) Cost of waiting time increases, and cost of providing service decreases.
• D) Cost of waiting time increases, and cost of providing service increases.
• E) Cost of waiting time first decreases, then increases; while cost of providing service decreases.

---

Definitions:

Anchoring Heuristic

A cognitive bias that describes the common human tendency to rely too heavily on the first piece of information offered (the "anchor") when making decisions.

Adjustment Heuristic

A mental shortcut that involves basing decisions on an initial estimate and making adjustments to that figure to reach a final decision or judgment.

Judgment

involves making considered decisions or forming opinions based on the evaluation of available information and reasoning.

Decision Making

The cognitive process of making choices or selecting options among various alternatives.