The Whitney Family Lose the First Round on a Popular

question 3

Multiple Choice

The Whitney family lose the first round on a popular game show because none of their answers ("clavichord," "tuba," "ukulele") to the question "Name a popular musical instrument" has been mentioned by the population surveyed.Based on cognitive principles,how would you help them improve for the next round?

• A) Teach them to use prototypes.
• B) Encourage them to use schematic knowledge.
• C) Teach them algorithms.
• D) Practice the affirmation rule.

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Definitions:

Average Accounting Rate of Return

A method to estimate the profitability of investments, calculated by dividing the average annual profit by the initial investment cost.

Straight-Line Depreciation

A scheme for dividing the expenditure of a solid asset over its life span in equal yearly quotas.

Asset

Anything of value owned by an individual or a corporation that can be used to produce positive economic value.

IRR

Internal Rate of Return, a metric used to estimate the profitability of potential investments.