You Go to the New Ice Cream Parlor That Has

question 457

Multiple Choice

You go to the new ice cream parlor that has 48 different flavors of ice cream and 20 different toppings. According to behavioral economist Dilip Soman, having all these choices

• A)tends to facilitate one's decision-making.
• B)tends to decrease one's decision-making ability.
• C)prevents one from experiencing functional fixedness.
• D)often leads to one using algorithmic thinking.

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Definitions:

Promissory Estoppel

A legal principle that prevents a party from withdrawing a promise made when the other party has reasonably relied on that promise to their detriment.

Consideration

A fundamental component in contract law, referring to something of value that is exchanged between parties as part of an agreement.

Inventor

An individual who creates something new, whether it is an idea for a product, a device, or a process.

Exclusive Right

A legal entitlement allowing an individual or entity to engage in a particular activity or use a particular property to the exclusion of all others.