If you want to choose a restaurant near the amphitheater where you are attending a concert this weekend, you might pull up all the restaurants in the area and then choose the one with the highest average rating. This mental shortcut used to help you make a decision is known as which of the following?
a. Rule of reciprocity.
b. Norm.
c. Heuristic.
d. Bounded rationality.
e. Referral.
c. Heuristic.
You might also like to view...
Promises made to an employee in a contract or a handbook may prevent an employer from firing the employee without fulfilling the promise.
Answer the following statement true (T) or false (F)
A valid offer may be in the form of an act for a promise, which is an offer to enter into an inverted unilateral contract
Indicate whether the statement is true or false
Sales-oriented pricing objectives are either based on market share or dollar or unit sales.
Answer the following statement true (T) or false (F)
A managed float regime is when countries intervene in foreign exchange markets in an attempt to influence their exchange rates by buying and selling foreign assets
Indicate whether the statement is true or false