An Adolescent Is Told That a Person Riding the Bus

question 8

Multiple Choice

An adolescent is told that a person riding the bus is reading the New York Times. The adolescent is asked if the person is more likely to have no college degree or if the person is more likely to have a Ph.D. The adolescent responds that the person is more likely to have a Ph.D. The correct answer, however, is that the person is more likely to have no college degree. The adolescent has experienced _____.

• A) hypothetical thinking
• B) sunk cost fallacy
• C) base rate neglect
• D) concrete operational thinking

Understand the treatment of commingled goods and the rights of original owners in the event of a bankruptcy.

Recognize the scope of protection offered by business insurance including liabilities and damages.

Interpret and apply the laws governing bailments, including liability limitations and rights of parties involved.

Comprehend the criteria for common carriers and the special liabilities and rights associated with them.