Students Routinely Underestimate How Much Time It Will Take Them

question 578

Multiple Choice

Students routinely underestimate how much time it will take them to complete assignments.This best illustrates the impact of:

• A) the framing effect.
• B) the availability heuristic.
• C) an algorithm.
• D) the planning fallacy.

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Definitions:

Start-Up Process

The series of steps or activities undertaken to launch a new business, including planning, financing, and marketing.

Marketable Ideas

Marketable Ideas are concepts or inventions that have the potential to be developed into sellable products or services, meeting a specific consumer need or demand in the marketplace.

Entrepreneur

An individual who starts and operates a business venture, assuming the risk for the sake of the profit.

Risk

The possibility of suffering harm or loss; uncertainties affecting the outcome of investment decisions.