Which Heuristic Is Defined as a Shortcut That Bases a Decision

question 53

Multiple Choice

Which heuristic is defined as a shortcut that bases a decision on our existing mental prototype and similar stereotypes?

• A) availability
• B) confirmation
• C) representativeness
• D) anchoring and adjustment

---

Definitions:

Fixed Cost

Expenses that do not change in proportion to the activity of a business, such as rent, salaries, or loan payments.

Cost Behavior

The manner in which a cost changes in relation to its activity base (driver).

Activity Changes

Variations or alterations in the level of operations, processes, or actions within an organization that can impact performance and outcomes.

Total Variable Costs

The cumulative expenses that vary directly with the level of production or business activity.