Hiram Is Not Really a Sports Fan, but He Signs

question 40

Multiple Choice

Hiram is not really a sports fan, but he signs up for a fantasy baseball tournament that is being sponsored by his company. In selecting his team, he picks the 10 players that he recognizes from 200 that are listed. He is pleasantly surprised when his fantasy team finishes near the top. In this instance, Hiram made his selections using ​

• A)belief perseverance.
• B)the representativeness heuristic.
• C)mental set.
• D)the recognition heuristic.

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Definitions:

Personal Property

Assets or belongings that are movable and not fixed to one location, unlike real estate.

Bailment

A legal relationship where physical possession of personal property is transferred from one party to another, under the agreement that the property will be returned.

Bailor

One who entrusts goods to a bailee.

Bailee

A person or entity that has temporary possession of personal property belonging to another under a bailment agreement.