Which of the Following Statements Is NOT True of Heuristics

question 16

Multiple Choice

Which of the following statements is NOT true of heuristics?

• A) They help us make decisions rapidly
• B) They are cognitive shortcuts
• C) Their use is affected by experience
• D) Heuristics almost always lead to major errors in decision making
• E) All of the above are true of heuristics

---

Definitions:

Operating Statement

A financial document that provides a summary of a company's revenues, expenses, and profits over a specific period, often used to assess financial performance.

Selling Expenses

Costs incurred directly from the selling of products or services, including advertising, promotions, and sales personnel salaries.

Direct Labor

Labor costs directly associated with the production of goods or services, typically including wages of workers or employees involved in manufacturing.

Inventory Shrinkage

The loss of products between manufacture and point of sale, often due to theft, damage, or administrative errors.