The Availability Heuristic Can Provide an Explanation of ______

question 13

Multiple Choice

The availability heuristic can provide an explanation of ______.

• A) the false consensus effect
• B) the anchoring heuristic
• C) the false consensus effect and the anchoring heuristic
• D) none of these

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Definitions:

Voting Shares

Voting shares represent ownership in a company with the rights to vote on corporate policy and decisions.

Open Market

An open market is a scenario without trade barriers, where buyers and sellers are allowed to trade goods or securities freely without restrictive regulations.

Second Purchase

The act of buying a product or service for the second time after the initial purchase.

Goodwill

An intangible asset that arises when a buyer acquires an existing business, representing the value of the business's reputation, brand, and other non-physical assets.