When an Object Is Perceived in Terms of Its Name

question 44

Multiple Choice

When an object is perceived in terms of its name or familiar usage, _______ is being demonstrated.

• A)the framing effect
• B)functional fixedness
• C)insight
• D)incubation

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Definitions:

Discount Period

The discount period is the timeframe during which a seller offers a buyer a reduction in the amount owed if payment is made within a specified time.

Discounted Note

A debt instrument sold for less than its face value that will pay the face value at maturity, effectively representing a loan made by the buyer to the issuer.

Discount Period

The time frame during which a payment can be made at a reduced price or with a deduction from the usual cost.

Interest Income

The income earned from lending funds or depositing money in interest-bearing accounts, like savings accounts or bonds.