Suppose an Executive Creates a Model of Her Business, Including

question 12

Multiple Choice

Suppose an executive creates a model of her business, including such factors as product demand, trade restrictions, and labor costs.Then she imagines how these factors will play out in the coming year.She uses the predictions as a way of making decisions about whether to hire or fire workers.The executive is relying on the

• A)representativeness heuristic
• B)availability heuristic
• C)simulation heuristic
• D)means end heuristic

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Definitions:

Vestibular System

The sensory system that contributes to balance, spatial orientation, and the coordination of movement.

Position And Acceleration

Fundamental physics concepts describing an object's location in space and its rate of change of velocity, respectively.

Intermediate Frequencies

Frequencies that are between the highest and lowest frequencies in a given range, often used in the processing of signals in radios and other communication devices.

Volley Principle

The volley principle is a theory of hearing that suggests groups of auditory neurons can provide a higher frequency response by firing in succession, allowing for the perception of sounds higher than their individual maximum firing rates.