The _____ Heuristic Involves Judging the Probability of an Event

question 117

Multiple Choice

The _____ heuristic involves judging the probability of an event on the basis of how easily the event can be recalled from memory.

• A)availability
• B)representativeness
• C)confirmation
• D)frequency

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Definitions:

Savings

Funds that remain after an individual's or organization's expenses have been subtracted from its income, which are set aside for future use or investment.

Net Investment

Net investment is the total amount spent on new capital assets minus the depreciation on existing capital assets.

Control

The ability to shape or control the actions of others or the progression of events.

Sole Proprietorship

A business structure where a single individual owns and operates the business.