_______ Are Methods That Simplify Decision-Making Based on Past Experiences

question 48

Multiple Choice

_______ are methods that simplify decision-making based on past experiences.

• A) Impulses
• B) Satisifics
• C) Heuristics
• D) Maximizers

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Definitions:

Early 1990s

A period marked by significant global events, including the dissolution of the Soviet Union and the start of the digital revolution.

Per Capita GDPs

The average economic output per person, calculated by dividing the GDP of a country by its population.

Congo

A country located in Central Africa, known officially as the Democratic Republic of the Congo.

Burundi

A country located in East Africa known for its cultural diversity and geographic landscapes.