Which of the Following Represents Pitfalls Associated with Using Judgmental

question 6

Multiple Choice

Which of the following represents pitfalls associated with using judgmental heuristics in decision making?

• A) It leads to a huge increase in information-processing demands.
• B) It leads to systematic errors that erode the quality of decisions.
• C) It is used without conscious awareness.
• D) It increases the uncertainty inherent in the decision-making process.
• E) It helps decision makers to evaluate current problems.

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Definitions:

Merchandise Valued

The estimated worth or price of goods that are bought and sold in business transactions.

British Pound

The currency of the United Kingdom, also known formally as the pound sterling, used throughout the UK and its territories.

U.S. Dollar

The currency of the United States, widely used worldwide as a standard for financial transactions.

Merchandise Valued

The total worth of goods held by a company for the purpose of resale.