Some Research Suggests That ______ Often Represents Information We Are

question 14

Multiple Choice

Some research suggests that ______ often represents information we are already holding at an unconscious level, and thus it may actually lead to effective decisions.

• A) anchoring
• B) satisficing
• C) intuition
• D) bias

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Definitions:

Entrepreneurial Spirit

An attitude and approach characterized by innovation, risk-taking, and the ability to see and seize opportunities for business or personal gain.

Entrepreneur

An individual who undertakes the creation, organization, and ownership of an innovative business with potential for growth and financial reward.

Franchising

A business model that allows individuals to operate their own outlets of a larger chain, sharing in the brand, products, and operational support.

Royalties

Payments made to the original creators or owners of intellectual property for the right to use their work.