Monique Routinely Uses a Shredder to Shred Her Junk-Mail into Confetti-Sized

question 50

Multiple Choice

Monique routinely uses a shredder to shred her junk-mail into confetti-sized pieces of paper, which she then just throws away.When packing her glassware to move into a new apartment, she runs out of protective styrofoam packing material.Suddenly Monique gets the idea to empty her shredder and use the shredded junk mail confetti for packing material.In this case, Monique has

• A)overcome functional fixedness.
• B)used a heuristic to solve her packing problem.
• C)used an algorithm to solve her packing problem.
• D)followed the fixation technique to solve the problem.

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Definitions:

Debt-to-Equity Ratio

A measure indicating how a company's assets are financed through a mix of debt and equity from shareholders.

Balance Sheet

A report detailing a company's assets, liabilities, and equity of shareholders at a particular moment.

Interest Expense

The cost incurred by an entity for borrowed funds, which is recognized in the financial statements as an expense.

Times Interest Earned Ratio

A financial metric that measures a company's ability to cover its interest expenses with its earnings before interest and taxes.