Although Intuition Can at Times Hinder Rationality,it Is Often Adaptive

question 167

Multiple Choice

Although intuition can at times hinder rationality,it is often adaptive because it facilitates

• A) framing.
• B) quick decisions.
• C) belief perseverance.
• D) a mental set.

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Definitions:

Passengers

Individuals who utilize transportation services such as buses, trains, airlines, or other modes of transit.

Spending Variance

The difference between the budgeted or standardized cost of an activity and the actual cost incurred.

Customers Served

The number of clients or consumers that have been provided services or goods by a business.

Flexible Budget Performance Report

A report that compares actual performance against budgeted figures that are adjusted (flexed) for the actual level of output or revenue.