If Someone Estimates That More People Die from Tornadoes Than

question 11

Multiple Choice

If someone estimates that more people die from tornadoes than from asthma each year because that person has seen a lot of media coverage of people killed by tornadoes, then that person is:

• A) correct in the estimate made.
• B) probably making an inaccurate estimate based on representativeness.
• C) incorrect and adjusting insufficiently from the anchoring information.
• D) probably making an inaccurate estimate based on availability.

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Definitions:

Consequential Damages

Losses or damages that do not directly arise from a breach of contract but are a result of the breach.

Statute of Limitations

A law that sets the maximum time the parties involved have to initiate legal proceedings from the date of an alleged offense, either civil or criminal.

Breach of Warranty

The failure to fulfill the terms of a promise or assurance, typically related to the quality or condition of a sold product or service.

Material Defects

Significant problems in a property or product that affect its value, functionality, or safety, which are typically undisclosed to a buyer.