A Mental Shortcut in the Human Brain That Breaks Down

question 31

Multiple Choice

A mental shortcut in the human brain that breaks down complex situations into simpler ones to reduce cognitive costs of decision making is known as a _________.

• A) Heuristic
• B) Psychological alternative
• C) Rational choice
• D) None of the above

---

Definitions:

Salaries

Regular payments made to employees for their labor, typically on a monthly or biweekly basis, not directly related to the specific hours worked.

Fringe Benefits

Additional benefits, beyond a base salary or wages, provided to employees, such as health insurance, pensions, or company cars.

Profit

The financial gain obtained when the revenue from business activities exceeds the expenses, costs, and taxes involved in maintaining the business.

GDP Component

Parts that make up the Gross Domestic Product, typically including consumption, investment, government spending, and net exports.