[Solved] In the context of decision making, which of the following best describes a heuristic?

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Q.	In the context of decision making, which of the following best describes a heuristic?
A.	A rule that a person relies upon to assess or categorise choices.
B.	One of many personal learned rules that a person applies in the process of decision making.
C.	A fixed set of internal rules that a person uses when making a decision.
D.	An attitude that prefers to look at a question as a whole.
Answer» B. One of many personal learned rules that a person applies in the process of decision making.

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Fundamentals of Economics and Management

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