Which of the Following Is Not an Example of a Limitation

question 85

Multiple Choice

Which of the following is not an example of a limitation of closed-ended question?

• A) Questions may lack authenticity
• B) Questions limit comparability
• C) Answers may lack spontaneity
• D) Fixed-choice categories may be limited

Identify the first and last steps in the problem-solving process.

Describe how concepts facilitate generalization and impact decision-making.

Explain the distinction between heuristics and algorithms in problem-solving.

Recognize the importance of inductive reasoning in forming general rules and concepts.

---

Definitions:

Present Value

Today's value of a future monetary amount or cash flow series, calculated with a designated rate of return.

Interest Rate

The cost of borrowing money or the return on investment for savings, usually expressed as a percentage.

Utility Function

A mathematical representation of how different quantities of goods or services increase a consumer's satisfaction or happiness.

Risk Averse

A description of an individual or entity's preference to avoid risk, choosing certainty over potential higher rewards that come with greater risk.