Heidi Is an Exchange Student from Sweden

question 53

Multiple Choice

Heidi is an exchange student from Sweden. Her host family told her to avoid the central city park 'because last week a weird-looking man was seen hanging around there'. Heidi, in her final year majoring in psychology, reasons that this advice is an instance of the:

• A) representativeness heuristic.
• B) fundamental attribution error.
• C) availability heuristic.
• D) self-serving bias.

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Definitions:

Fund Asset Gains and Losses

Changes in the value of investment holdings in a fund that impact its overall performance.

Expected Rate of Return

The anticipated return on an investment over a specific period, taking into account both the risk of the investment and historical performance trends.

Operating Income

This refers to the profit a company generates from its normal business operations, excluding any income from investments or non-recurring expenses.

Other Postretirement Benefit Expense

Expenses associated with retirement benefits other than pensions, such as healthcare benefits, recognized during the period employees receive the benefits.