An Experiment Conducted by Nobel Laureate Herbert A

question 69

Multiple Choice

An experiment conducted by Nobel laureate Herbert A. Simon found that novice chess players remember differently than experienced players what a chess game looked like midgame. Which statement is an accurate application to management of the results of this experiment?

• A) Having frameworks blocks managers' ability to remember, because it is a preconceived notion.
• B) A depth of experience can help managers recognize patterns and exceptions to patterns.
• C) New managers will never perform as well as experienced managers.
• D) There is no way to tell what a manager may remember.

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Definitions:

Credit Card Statement

A monthly document provided by credit card companies that details all the transactions, fees, payments, and outstanding balance for the account.

Monthly Credit

Refers to any credit received or applied to an account each month, such as cash back from a credit card or credit for returned items.

Total Cost

The complete amount of money spent on producing or acquiring goods or services, including all variable and fixed costs.

Save Up

The act of regularly setting aside a portion of income or resources for future use or for a specific goal.