The Anchoring and Adjustment Heuristic Leads People to Rely on __________

question 138

Multiple Choice

The anchoring and adjustment heuristic leads people to rely on __________ to help them make decisions.

• A)the most reliable information they receive
• B)their initial views, adjusted somewhat if necessary
• C)information that remains stable and unchanging
• D)friends who have reached decisions

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Definitions:

Remittance

The action of sending money in payment or as a gift.

Discount Period

A set timeframe in which a buyer can pay less than the full invoice amount if they pay before the period expires.

Discount Date

The date on which a bill or note is discounted, determining the time left until its maturity and the amount to be received.

Due Date

The specified date by which a payment, task, or action is required to be completed.