Which Heuristic Involves Deciding the Probability That Object a Belongs

question 22

Multiple Choice

Which heuristic involves deciding the probability that object A belongs to category B or that event A is a result of process B?

• A) The anchoring and adjustment heuristic
• B) The representativeness heuristic
• C) The availability heuristic
• D) Both the availability heuristic and the representative heuristic

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Definitions:

Maturity Value

The total amount due to the owner of an investment at the end of its term, including principal and interest.

Notes Receivable

A claim against a debtor for an uncollected amount, typically evidenced by a formal instrument of credit.

Face Value

The nominal value printed on a bond, note, or other financial instrument, representing its value at maturity.

Promissory Note

A financial instrument containing a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date.