Behavioral Decision Theory and Economics MCQs Quiz Online PDF Download

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Marketing management practice test MCQ: type of heuristic in which customer adjust initial judgment on basis of additional information is classified as with choices peripheral heuristic, anchoring heuristic, geographical heuristic and adjusting heuristic for associate degree, graduate degree and masters degree students for online eLearning preparation. Free study guide is for online learning behavioral decision theory and economics quiz with MCQs to practice test questions with answers with MBA GMAT test for online GMAT exam preparation.

MCQs on Behavioral Decision Theory and Economics Quiz PDF Download

MCQ: Type of heuristic in which customer adjust initial judgment on basis of additional information is classified as

  1. peripheral heuristic
  2. anchoring heuristic
  3. geographical heuristic
  4. adjusting heuristic

B

MCQ: Customers who loss averse tend to underweight the

  1. integrate probabilities
  2. segregate probabilities
  3. high probabilities
  4. low probabilities

C

MCQ: Way in which choices are seen and presented by a decision maker is classified as

  1. anchor framing
  2. critical framing
  3. adjustment framing
  4. decision framing

D

MCQ: When customers base their predictions on example that comes to mind easily are classified as

  1. availability heuristic
  2. representative heuristic
  3. anchoring heuristic
  4. adjusting heuristic

A

MCQ: Representative heuristic and availability heuristic are types of

  1. motivation heuristic
  2. peripheral heuristic
  3. expectancy heuristic
  4. decision heuristic

D