The Tendency to Rely on Habits and Procedures That Worked

question 19

Multiple Choice

The tendency to rely on habits and procedures that worked to solve a problem in the past is called

• A)functional fixedness.
• B)stereotype threat.
• C)problem representation.
• D)mental set.

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Definitions:

Inflation Rate

The speed at which prices for products and services ascend, resulting in a decline in how much can be bought.

Market Conversion Value

The value of a convertible security if it is converted into a different form, usually stock, at its current market price.

Conversion Ratio

The number of common shares received upon the conversion of a convertible security, such as a convertible bond or preferred stock.

Current Market

The existing conditions within a marketplace at a particular time, including trends, prices, and available inventory.