The Major Cost Element Borne by the Railroad Industry Is

question 26

Multiple Choice

The major cost element borne by the railroad industry is the:

• A) Rolling Stock
• B) Fuel costs
• C) Rights of way
• D) Insurance

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Definitions:

Social Categorization

The process of sorting people into groups on the basis of characteristics they have in common (e.g., race, gender, age, religion, sexual orientation).

Social Categorization

The process of classifying people into groups based on shared characteristics, often leading to stereotyping.

Cognitive Miser

A theory suggesting that humans tend to conserve mental energy by relying on simplified and heuristic methods of processing information.

Representativeness Heuristic

A cognitive shortcut that involves judging the likelihood of an event based on how closely it resembles a typical case.