You Know There Are Only Two Librarians Who Live in Your

question 136

Multiple Choice

You know there are only two librarians who live in your town of 10,000 people. However, when you meet a quiet young woman who likes to read, you decide she is probably a librarian. In your thinking you are relying on

• A) an algorithm.
• B) the representativeness heuristic.
• C) the Stroop effect.
• D) a cognitive map.

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Definitions:

Useful Life

The expected period during which an asset is deemed to be functional and economically viable for its intended purpose, important for depreciation calculations.

Kilometres Per Litre

A measure of fuel efficiency in vehicles, indicating how many kilometers a vehicle can travel on one litre of fuel.

Supply Chain Metrics

Quantitative measures used to assess the performance and efficiency of supply chain operations, including aspects like delivery times, costs, and inventory levels.

Performance Evaluation

The process of assessing and reviewing an employee's work performance by comparing it with preset standards and providing feedback.