Which of the Following Is True About Intuition

question 41

Multiple Choice

Which of the following is true about intuition?

• A)An automated response represents a judgment that is based on a subconscious integration of information stored in memory.
• B)People relying on automated experiences make choices that based on explicit knowledge.
• C)A holistic hunch represents a choice that is based on a familiar situation and a partially subconscious application of previously learned information related to that situation.
• D)People using a holistic hunch may not be able to explain why they want to make a certain decision, except that the choice "feels right."
• E)Holistic hunches are decisions made based on previous familiar incidents.

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Definitions:

Functional Currency

The primary currency used by a business or unit in its financial statements, reflecting the economic environment in which it primarily operates.

Income Tax Expense

The total amount of income tax a company is obligated to pay to governmental authorities based on its taxable income.

Functional Currency

The currency of the primary economic environment in which the entity operates, typically the currency in which an entity primarily generates and expends cash.

Foreign Subsidiary

A company owned or controlled by another company that is based in another country.