Which Is a Major Reason for the Decline in the Number

question 6

Multiple Choice

Which is a major reason for the decline in the number of rail companies?

• A) mergers and unification occurring in the railroad industry
• B) government restrictions on rail ownership
• C) loss of business to other modes
• D) desire of management to invest in other areas of business

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Definitions:

Belief Perseverance

Clinging to one's initial conceptions after the basis on which they were formed has been discredited.

Availability Heuristic

Estimating the likelihood of events based on their availability in memory; if instances come readily to mind (perhaps because of their vividness), we presume such events are common.

Mental Set

A tendency to approach a problem in one particular way, often a way that has been successful in the past.

Classifying Objects

The cognitive process of organizing items into categories based on shared characteristics.