Which One of the Following Best Describes Heuristics

question 70

Multiple Choice

Which one of the following best describes heuristics?

• A)clustering
• B)rules of thumb
• C)grouping
• D)representativeness
• E)herding

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Definitions:

Corporate Job

Employment within a large company, often implying a job with benefits, structure, and a hierarchical organization.

Teaching

The act or profession of instructing students in a particular subject or skill, aimed at transferring knowledge or skills.

Marginal Decision Making

The process of evaluating the additional benefits and costs of a decision when considering a small change in production or consumption.

Value Meal

A meal or combination of food items offered at a fast-food restaurant for a lower price than if the items were purchased separately.