Heuristic Is a Natural Tendency to Evaluate Probabilities of Events

question 23

Multiple Choice

Heuristic is a natural tendency to evaluate probabilities of events or objects by the degree to which they resemble other events or objects rather than on objective probability information.

• A)Anchoring and adjustment
• B)Representativeness
• C)Insufficient
• D)Resemblance
• E)Informational

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Definitions:

President Of The United States

The executive head of government in the United States, responsible for enforcing laws and serving as the country's leader.

Employee Pilferage

The theft of company assets or merchandise by employees, typically involving small amounts stolen over time.

Pilferage Policy

A set of guidelines and measures implemented by an organization to prevent or reduce the theft of its goods or property.

Accurate Information

Data or details that are precise, correct, and free of errors, serving as a reliable basis for decision-making.