The Representativeness Heuristic Is Defined as

question 172

Multiple Choice

The representativeness heuristic is defined as

• A) the tendency to be more confident than correct.
• B) the tendency to approach a problem in one particular way,often a way that has been successful in the past.
• C) estimating the likelihood of events based on their availability in memory.
• D) estimating the likelihood of events in terms of how well they seem to represent,or match,particular prototypes.

---

Definitions:

Tax Rate

The proportion, usually expressed as a percentage, at which an individual or corporation is taxed.

Net Income

The total profit or loss of a company after all expenses, taxes, and costs have been subtracted from total revenue.

Net Working Capital

A financial metric that represents the difference between a company's current assets and its current liabilities.

Total Assets Ratio

A financial metric that compares the total assets of a company to its sales or revenues, indicating how efficiently a company uses its assets.