Ratings Are a ________; a Mental Shortcut Consumers Use to Help

question 35

Multiple Choice

Ratings are a ________; a mental shortcut consumers use to help them with decision making.

• A) rule of reciprocity
• B) norm
• C) heuristic
• D) bounded rationality
• E) referral

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Definitions:

Stocks

Shares representing ownership in a corporation, giving holders a claim on part of the company's assets and earnings.

Advice

Guidance or recommendations offered regarding prudent future actions, often based on knowledge and expertise.

Indexed Equity

An investment strategy that attempts to replicate the performance of a specified stock market index.

Mutual Fund

An investment vehicle composed of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, and other assets.