Question

Which statement(s) indicate heuristic knowledge?

Once you start earning, it is essential to set aside some money for a rainy day. You need savings for future expenses such as education for children, buying furniture, or in the long term buying a house. A good rule of savings is setting aside 10 percent of your income every month. You need to plan in advance so that you don't spend more than you earn.

Answer 1

Heuristic knowledge refers to practical rules or guidelines that help us make decisions or solve problems more easily. In the given statement, the rule of setting aside 10 percent of income and planning in advance are examples of heuristic knowledge.

Step-by-step explanation:

Heuristic knowledge refers to practical rules or guidelines that help us make decisions or solve problems more easily. In the given statement, the following sentences indicate heuristic knowledge:

1. A good rule of savings is setting aside 10 percent of your income every month.
2. You need to plan in advance so that you don't spend more than you earn.

These statements provide practical advice for managing finances and saving money, which can guide individuals in making informed decisions about their income and expenses.