Which of the Following Is True of Heuristics

question 25

Multiple Choice

Which of the following is true of heuristics?

• A)They help managers make decisions based on what has worked in past experiences.
• B)They are assumptions in the rational model of decision making.
• C)They are the risks and challenges involved in decision making.
• D)They help managers to form a consistent system of preferences, which is used to choose the best alternative.

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Definitions:

Perceptual Tricks

Perceptual tricks are visual or auditory illusions that deceive the senses, leading to misinterpretation of reality.

Obvious Error

A clear and unmistakable mistake that is easily recognized or identified.

Systematic Approach

A methodical process that follows a fixed plan or system, often used in problem-solving and decision-making to ensure thoroughness and accuracy.

Spell-checker

A software tool or feature that identifies and corrects spelling errors in text.