Some Mental Shortcuts Can Cause Errors in Thinking

question 90

Multiple Choice

Some mental shortcuts can cause errors in thinking.For example,simply because a piece of information is remembered easily,it does not mean that the best decision is based on that information.This error in thinking reflects

• A) an analogy.
• B) insight.
• C) the availability heuristic.
• D) the representativeness heuristic.

Recognize the importance of infrastructure planning, development, and control as a traditional function of the MIS department.

Calculate and interpret throughput time.

Calculate and understand manufacturing cycle efficiency (MCE).

Calculate return on investment (ROI) and understand its implications.

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Definitions:

Private Information

Private information refers to data that is not publicly available and pertains to an individual's personal details, preferences, or activities, often protected by privacy laws.

Punishment

A consequence imposed for a perceived wrongdoing, intended to reduce the likelihood of the behavior occurring again.

Gated Community

A form of residential community or housing estate containing strictly controlled entrances for pedestrians, bicycles, and automobiles, and often characterized by a closed perimeter of walls and fences.

Social Capital

The networks, relationships, and norms that facilitate cooperative action and contribute to a community or society's prosperity and well-being.