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Suppose an Executive Creates a Model of Her Business, Including

Question 12

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Suppose an executive creates a model of her business, including such factors as product demand, trade restrictions, and labor costs.Then she imagines how these factors will play out in the coming year.She uses the predictions as a way of making decisions about whether to hire or fire workers.The executive is relying on the


A) representativeness heuristic
B) availability heuristic
C) simulation heuristic
D) means end heuristic

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