In a Small Business,because It Is Often Cost-Prohibitive to Hire

question 196

Multiple Choice

In a small business,because it is often cost-prohibitive to hire extra employees,the lack of certain separations of duties can best be overcome by

• A) hiring only honest employees.
• B) bonding the employees.
• C) holding one person responsible for a given set of transactions.
• D) getting the owner actively involved.

Understand the concept of prototypes and their role in categorization.

Comprehend the various problem-solving strategies: insight, algorithms, and heuristics.

Recognize the influence of cognitive biases and heuristics on decision-making and judgments.

Distinguish between different types of cognitive heuristics: availability, representativeness, and belief perseverance.

---

Definitions:

Fossil Fern

The preserved remains or imprints of ancient ferns in rocks, often serving as indicators of past climatic conditions.

Deep Ocean

The part of the ocean beyond the continental shelf, characterized by great depths, low temperatures, and high pressure.

Fossil Shells

Remnants of the hard protective outer layer of once-living aquatic organisms, which have been preserved in the Earth's crust over geological time.

Dry Climate

A type of climate characterized by low precipitation levels, leading to desert landscapes and sparse vegetation.