A Businessperson Calculates the Odds of Every Purchase Decision in Order

question 19

Multiple Choice

A businessperson calculates the odds of every purchase decision in order to maximize returns on an investment.Which of the following mental models is this businessperson using?

• A)Cost-benefit analysis model
• B)Problem solving model
• C)Haggling model
• D)Game playing model

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Definitions:

Picture Preferences

Individual biases or choices when selecting or favoring certain types of images or visuals over others.

Dogmatism

A psychological trait characterized by the tendency to hold onto beliefs rigidly, regardless of evidence to the contrary.

Belief Change

The process through which an individual modifies their perceptions, attitudes, or understanding in response to new information or experiences.

Rokeach

refers to Milton Rokeach, a psychologist known for his work on belief systems, values, and attitude change.