The Use of a Strategy That Has Worked in the Past

question 287

Multiple Choice

The use of a strategy that has worked in the past to solve a problem, but is actually inefficient or inappropriate for current use, is called:

• A) cognitiveflexibility.
• B) mental set
• C) in numeracy.
• D) functional fixedness.

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Definitions:

Income Tax Expense

The amount of expense that a business or individual incurs due to the taxes on its taxable income.

Disposal

The method of eliminating an asset or waste, which may include selling, recycling, or throwing away.

Times Interest Earned

A financial ratio that measures a company's ability to meet its debt obligations by comparing its income before interest and taxes to its interest expenses.

Interest Expense

The financial burden placed on a company due to borrowing funds over a time span.