The Availability Heuristic Is a Strategy in Which

question 57

Multiple Choice

The availability heuristic is a strategy in which

• A)category frequencies tend to be overestimated.
• B)people base their estimates of frequency on how easily they can think of examples of the relevant category.
• C)people judge frequency by referring to their sense of familiarity with the category.
• D)category frequencies are estimated on the basis of schematic knowledge.

Recognize different types of accounts and their normal balances as they relate to the sales cycle, including liability, contra-asset, and contra-revenue accounts.

Understand the body's nonspecific defenses against pathogens.

Recognize the role of specific defenses, including T cells and B cells, in the immune response.

Differentiate between types of immunities and methods of acquiring immunity.

---

Definitions:

Responsiveness

The ability of a company or system to quickly and effectively respond to changes, customer demands, or market conditions.

Efficiency

Relates to achieving maximum productivity with minimum wasted effort or expense, often critical in business processes and operations.

Return On Equity (ROE)

A financial ratio indicating the profitability of a firm relative to its equity capital.

Liabilities

Financial obligations or debts that a company owes to others, which need to be settled over time.