__________ Represent(s)cognitive Shortcuts or Biases That Are Used to Simplify

question 62

Multiple Choice

__________ represent(s) cognitive shortcuts or biases that are used to simplify the process of making decisions.

• A) Normative intuitions
• B) Judgmental heuristics
• C) Holistic hunches
• D) Explicit knowledge
• E) Tacit knowledge

---

Definitions:

Financial Performance

An assessment of how well a business generates revenues and manages its expenses, assets, and liabilities.

Corporate Raiders

Investors who buy a large stake in a corporation with the intention of taking over its management and restructuring it for profit.

Executive Privileges

Special rights and privileges that allow presidents and other high-level officials to resist certain subpoenas and other interventions by the legislative and judicial branches of government.

Stock Price

The current price at which a share of stock can be bought or sold in the market.