When a Friend Asks You to Recommend a Restaurant,you Send

question 178

Multiple Choice

When a friend asks you to recommend a restaurant,you send her to the place where you ate last Saturday because it comes most quickly to mind.This way of thinking is an example of:

• A) confirmation bias
• B) the framing effect
• C) the representativeness heuristic
• D) the availability heuristic

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Definitions:

Expressing Opinion

The act of stating beliefs or judgments about something, commonly found in audits where an auditor states the fairness of financial statements.

Profit-oriented Business

A business entity that focuses primarily on generating profits or financial gains as its main objective.

Accounting

The systematic process of recording, measuring, and communicating financial information to help in making informed business decisions.

Total Liabilities

The aggregate of all debts and other legal obligations of an individual or company due to other entities.