If You Assume That a Tall Man You Met Is

question 71

Multiple Choice

If you assume that a tall man you met is a professional basketball player (even though pro basketball players are rare) ,what are you relying on?​

• A)Preoperational thinking
• B)​A maximizing strategy
• C)​The representativeness heuristic
• D)​An algorithm

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Definitions:

Discount Rate

The interest rate charged by central banks for loans to commercial banks, used as a tool in monetary policy to influence the wider economy.

Separate Cash Flow

Separate cash flow refers to the identification and analysis of individual components of the total cash flow of an entity or project.

Financial Calculators

Electronic tools designed to perform financial functions and calculations, such as interest rates, loan payments, investment values, and more.

Chief Financial Officers

A senior executive responsible for managing the financial actions of a company, including financial planning and record-keeping.