The Following Information Is for High Corp

question 165

Multiple Choice

The following information is for High Corp:

If targeted operating income is $50,000,then targeted sales revenue is ________.(Round the final answer to the nearest dollar. )

• A)$540,000
• B)$390,000
• C)$150,000
• D)$180,000

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Definitions:

Heuristics

Shortcuts or “rules of thumb” that allow us to make judgments and decisions quickly and efficiently.

Rules Of Thumb

Simple, practical guidelines or principles derived from experience and used to make decisions or solve problems quickly.

Randomness Error

The tendency for people to believe they can predict the outcome of chance events based on false information or superstition.

Projection Bias

The inclination to believe other people think, feel, and act the same way we do.