The Representativeness Heuristic Is a Strategy For

question 82

Multiple Choice

The representativeness heuristic is a strategy for:

• A) judging the likelihood of an event based on how easily one can think of similar instances.
• B) deciding the likelihood of an event by how much it resembles a "typical" example of that event.
• C) overestimating one's skills and abilities as compared with others.
• D) searching for evidence that supports preexisting beliefs.

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Definitions:

Target Design

The process of developing products or systems with specific goals and requirements in mind, aimed at meeting the needs of the end-user.

Customer's Desires

The needs or wishes that drive consumers to purchase goods or services.

Group Technology

A product and component coding system that specifies the type of processing and the parameters of the processing; it allows similar products to be grouped.

Time-based Competition

A business strategy focusing on reducing the time required to deliver products and services to gain a competitive advantage.