Which of the Following Is False About Mental Models

question 36

Multiple Choice

Which of the following is false about mental models?

• A)Experts' mental models are significantly more accurate and sophisticated than non-experts'
• B)For most easy tasks, simple, inaccurate, and incomplete mental models are good enough.
• C)Mental models are complex, detailed, memory representations of things in the real world.
• D)For complex issues with high stakes, like climate change, faulty mental models can have damaging consequences.

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Definitions:

Market Rate

The prevailing rate of interest for loans or investments within a specific market sector.

Journal Entry

A record in accounting that consists of a debit and credit action to document a business transaction in the general ledger.

Bonds Payable

This is a long-term liability account on a company's balance sheet, representing bonds that the company is obligated to repay at their maturity dates along with interest.

Callable Bonds

These are obligations the issuer may pay off before they come due, at an agreed upon price.