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One study found that if participants were told a new fact about robins, they would also believe that the new fact was true of ducks. However, if told a new fact about ducks, participants would not extrapolate this information to robins. This suggests that
Security
A financial instrument that represents an ownership position in a publicly-traded corporation (stock), a creditor relationship with a governmental body or a corporation (bond), or rights to ownership as represented by an option.
Business License
Official permission from a governmental authority allowing individuals or companies to conduct business within a certain jurisdiction.
Distributorship
An arrangement within a supply chain where a firm is authorized to distribute a manufacturer's products in a particular territory.
Franchise
A license that allows the franchisee access to a business's proprietary knowledge, processes, and trademarks, enabling the franchisee to sell a product or service under the business's name.
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