_____ Are Best Described as Unique Assets with High Opportunity

question 98

Multiple Choice

_____ are best described as unique assets with high opportunity costs that have significantly more value in their intended use than in their next-best use.

• A) Cost drivers
• B) Value drivers
• C) Specialized assets
• D) Liquid assets

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Definitions:

Mental Set

A tendency to approach situations in a certain way because that method worked in the past.

Dramatically Affect

Refers to having a profound or significant impact on something.

Representativeness Heuristic

A mental shortcut that involves judging the likelihood of an event by comparing it to an existing prototype in our minds.

Availability Heuristic

A mental shortcut that relies on immediate examples that come to a given person's mind when evaluating a specific topic or decision.