Josephine Is About to Graduate from College and Is Excited

question 48

Multiple Choice

Josephine is about to graduate from college and is excited about joining her two roommates to start a small coffee shop near campus. She has never started a business before, but she is sure that her business degree has taught her everything she needs to know. The three of them have enough money for their initial costs and figure that they can cover their expenses with the cash flow from the business. Which heuristic is probably involved?

• A) Representativeness
• B) Anchoring
• C) Availability
• D) Fundamental attribution error
• E) Overconfidence

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Definitions:

Performance

The execution of actions or the display of behavior in a particular context, often assessed in terms of its quality or effectiveness.

Heterosexual Marriages

A legally or socially sanctioned union between two individuals of opposite sex.

Organizing Principle

A core idea or concept that guides the structure, behavior, and dynamics of a system or theory.

Social Class

A group who share a similar relationship to labour and who are aware of their conflict with other classes. A group of individuals sharing a position in a social hierarchy, based on both birth and achievement.