Match the Word or Phrase with Its Meaning

question 19

Multiple Choice

Match the word or phrase with its meaning.
-Abstract terms

• A) A story or account of an event told orally
• B) Different words with the same meaning
• C) Meanings for terms generally unfamiliar to an audience
• D) Showing of a step-by-step process
• E) Defining the differences between two subjects
• F) Showing the steps involved in a process
• G) Detailed and specific language
• H) Image that is created verbally
• I) Vague and general language
• J) Detailed and specific language.
• K) Words with the opposite meaning

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Definitions:

Availability Heuristic

An intellectual quick-step that employs readily recalled instances when contemplating a certain topic, notion, strategy, or judgment.

Endowment Effect

The phenomenon in which individuals value an owned object higher than its market value simply because they own it.

Prospect Theory

Prospect Theory is a behavioral economic theory that describes how people choose between probabilistic alternatives involving risk, where the probabilities of outcomes are known.

Prospect Theory

A behavioral economic theory that describes how people choose between probabilistic alternatives that involve risk, where the probabilities of outcomes are unknown.