What is heuristics? List one business or military example of a heuristic. List one personal example (something you use in your own life) of a heuristic.
What will be an ideal response?
Heuristics, often referred to as "rules of thumb" (commonly accepted guidelines or procedures that usually find a good solution, but not necessarily the optimal solution), are often used in the decision-making process.
Military example:
An example of a heuristic rule in the military is to "get there first with the most firepower."
Business example:
An example of a heuristic used in business is to order a four months' supply of inventory for a particular item when the inventory level drops to 20 or fewer units.
Personal example (students answers will vary):
Students should give a "rule of thumb" that they use in their own life.
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