The Term Cognitive ________ Is Used to Reflect the Fact

question 27

Multiple Choice

The term cognitive ________ is used to reflect the fact that human beings seek to reduce their mental effort as much as possible, while still being able to make accurate decisions.

• A)miser
• B)parsimony
• C)heuristic
• D)frugality

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Definitions:

Incapacity

The lack of legal ability to act, often due to age, mental condition, or lack of legal authority.

Apparent Authority

The appearance or impression of authority given by a principal to an agent, leading others to believe the agent has actual authority.

Termination Notice

A formal declaration that a contract, employment, or agreement is ending, often specifying the effective date and conditions of termination.

Actual Notification

For third parties who have previously dealt with the agent or who have begun to deal with the agent. This can be accomplished by (1) a direct personal statement to the third party or (2) a writing delivered to the third party personally, to his place of business, or to some other place reasonably believed to be appropriate.