Conserving Time and Effort Through the Use of Cognitive Shortcuts

question 175

Multiple Choice

Conserving time and effort through the use of cognitive shortcuts is essential to the:

• A) covariation principle
• B) cognitive miser model
• C) central route for persuasion
• D) foot-in-the-door technique

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Definitions:

Unsecured Creditor

A creditor who lends money without obtaining specified assets as collateral, thus facing higher risk in case of borrower's bankruptcy.

Family Home

A primary residence where a family lives and conducts their daily activities.

Security Interest

A legal claim or lien on collateral that has been pledged, usually to secure repayment of a loan.

Collateral

Assets pledged by a borrower to secure a loan or credit, which can be seized by the lender if the borrower fails to repay according to the agreed terms.